XE Market Analysis: Asia – Mar 28, 2017

The dollar started out on a mostly steady footing in N.Y. on Tuesday, though made advances later in the session, as the latest consumer confidence report was way higher than forecast. This resulted in rising yields, rising stocks, and a rising dollar. In addition, House Speaker Ryan made encouraging statements on his conference’s ability to get health care, tax reform, and deregulation done. EUR-USD topped at 1.0872 at mid-morning, before falling into 1.0800 lows. USD-JPY based at 110.18 before rallying to 111.09.

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