XE Market Analysis: Asia – Nov 22, 2016

The dollar picked up ground in morning N.Y. trade on Tuesday, though remained below recent trend highs seen against the euro and yen. The greenback later reverses moderately lower, perhaps as U.S. accounts pared back positions ahead of Thursday’s Thanksgiving holiday. Wall Street posted record highs, taking the DJIA over the 19,000 mark for the first time, while Treasury yields faded some. On the data front, new homes sales beat expectations, posting near 10year highs in the process. EUR-USD opened over 1.0540, and later posted lows of 1.0585, while USD-JPY rallied to 111.35 from under 110.90. USD-CAD rallied on a…

Source: XE news feed
XE Market Analysis: Asia – Nov 22, 2016