XE Market Analysis: Asia – Jul 27, 2017

The dollar picked up some recently lost ground in N.Y. trade on Thursday, aided by outsized durable orders gains, and advance trade and inventory figures, which bumped up our Q2 GDP estimate to 3.0%. EUR-USD faded from overnight trend highs of 1.1776, dropping to 1.1650 lows. USD-JPY meanwhile struggled to 111.71 highs, though as Wall Street gains evaporated, the pairing fell back under 111.00. USD-CAD bounced over 1.2550, despite near two-month highs for WTI crude, while cable pulled back from 10-month highs, bottoming at 1.3052.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – Jul 27, 2017