XE Market Analysis: Asia – May 24, 2017

The dollar trended a bit higher through the N.Y. morning session on Wednesday, though was smacked lower in the aftermath of the FOMC minutes as the Fed indicated caution, saying it would be prudent to wait for evidence that recent weak data is transitory before raising rates again. EUR-USD bottomed at 1.1180 before rallying to 1.1216 highs, as USD-JPY printed new intra day highs of 112.10 before falling to 111.58 lows. USD-CAD had already sold off on an upbeat BoC policy statement, later touching one-month lows of 1.3422.

Source: XE news feed
XE Market Analysis: Asia – May 24, 2017