XE Market Analysis: Asia – Jan 11, 2017

The dollar and Wall Street were bid up ahead of the Trump press conference, though volatility spiked up as the president-elect spoke, resulting in stocks and yields diving, and the dollar turning sharply lower as profit taking set in. Trump’s comments on curbing drug prices and military spending got the ball rolling, taking major equity indices from decent gains to decent losses. Overall though, the president-elect gave away few details on what his administration will focus on beginning on January 20. EUR-USD based at 1.0459 early, before ramping up to 1.0617 during the presser. USD-JPY meanwhile, topped at 116.87 before…

Source: XE news feed
XE Market Analysis: Asia – Jan 11, 2017