XE Market Analysis: Asia – Jul 28, 2017

Disappointing U.S. Q2 GDP data weighed on the dollar in N.Y. trade on Friday, pushing yields lower in the process, and keep a lid on Wall Street. EUR-USD rallied from near 1.1720 ahead of the data, later topping at 1.1764. USD-JPY meanwhile, fell under 110.70 from highs near 111.30. USD-CAD fell sharply to 1.2420 from over 1.2550 after much stronger Canadian GDP figures, and WTI crude up near $50/bbl. Cable climbed to 1.3135 highs from 1.3070.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – Jul 28, 2017