XE Market Analysis: Asia – May 25, 2017

The dollar ended the N.Y. session not far from where it started, with major pairings largely holding inside of narrow ranges. Mixed data including slightly lower jobless claims and a slightly wider advance trade deficit has little market impact. Wall Street rallied, though the plunge in oil prices after OPEC extended output production capped gains there. EUR-USD plied a 1.1193 to 1.1226 band, while USD-JPY remained inside of 111.65-95. USD-CAD was the biggest mover, rallying to 1.3478 from 13406 lows as WTI crude prices crumbled. Cable was stuck between 1.2935 and 1.2970.

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