XE Market Analysis: Asia – Jul 25, 2017

Decent incoming U.S. data supported the dollar in N.Y. on Tuesday, while earnings beats helped Wall Street, resulting in higher Treasury yields, also dollar friendly. EUR-USD topped at 1.1712 before profit taking took the pairing to 1.1646 lows. USD-JPY meanwhile, was supported by risk-on conditions, topping at 111.68. USD-CAD edged higher from new trend lows of 1.2481, rallying to 1.2532, despite WTI crude topping near $48/bbl. Cable mimicked the euro’s price action, falling to 1.3032.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – Jul 25, 2017