XE Market Analysis: Asia – Nov 23, 2016

The dollar index rallied to fresh 13-plus year highs of 101.88 in N.Y. trade on Wednesday, as better incoming U.S. data saw Treasury yields soar to 16-month highs. EUR-USD opened near 1.0620, before making its way to 11-month lows of 1.0628 at mid-morning. USD-JPY topped at 113.97, an eight-month peak, while USD-CAD traded back over 1.3500. Cable found some support however, tracking over 1.2450 after the London close. Later, the dollar edged slightly higher after the Fed minutes gave no reason to think a December rate hike is off the table. Some officials said a hike “should occur at the…

Source: XE news feed
XE Market Analysis: Asia – Nov 23, 2016