XE Market Analysis: Asia – May 26, 2017

The dollar firmed up in N.Y. trade on Friday, aided by an upgraded U.S. Q1 GDP revision, and subsequent short covering into the long Memorial Day weekend . EUR-USD gave up the 1.1200 handle early on, dropping to 1.1160 before turning sideways near 1.1175. USD-JPY rallied over 1.1200, though was largely tied to its 50-day moving average at 111.27. USD-CAD eased into the mid-1.34s as oil prices recovered above $49.00. Cable meanwhile, traded to one-month lows of 1.2775.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – May 26, 2017