XE Market Analysis: Asia – Jan 10, 2017

The dollar meandered inside of recent ranges through the N.Y. session on Tuesday, with the unit mixed overall. Aside from wholesale data, which were ignored, the calendar was bare. Wall Street managed modest gains, while yields slipped some. President-elect Trump’s Wednesday press conference could be of some market interest, depending on how much detail The Donald is willing to give on matters such as tax, regulation and the like. EUR-USD topped at 1.0604 early on, then faded to 1.0552 lows. USD-JPY meanwhile, faded from 116.34 highs, basing at 115.34 before recovering over 116.00 on improved risk levels. USD-CAD remained heavy…

Source: XE news feed
XE Market Analysis: Asia – Jan 10, 2017