XE Market Analysis: Asia – Jan 12, 2017

The dollar remained under pressure at the N.Y. open on Thursday, though despite sharp early Wall Street losses, managed to put in a bit of a recovery through the session. Firmer export prices and softer import prices, along with a smaller than expected rise in jobless claims had little overall market impact. EUR-USD opened at its highs of the session, topping at 1.0684, before putting in a floor at 1.0630. USD-JPY was pressured from 114.53 to 113.81 as Stocks and yields moved lower, though later recovered as Wall Street pared gains, topping at 114.39 into the close. USD-CAD caught a…

Source: XE news feed
XE Market Analysis: Asia – Jan 12, 2017