XE Market Analysis: Asia – Oct 20, 2016

The DXY rallied to seven-month highs of 98.40, largely lead by EUR-USD’s drop to 1.0915, four-month lows. Key for the euro will be the June 24 (Brexit Day) lows of 1.0912. USD-JPY and USD-CAD meanwhile, rallied to their respective intra day highs, while cable continued to bump along under the 1.2300 level. During his press conference, the ECB’s Draghi initially spooked markets by saying an extension to the QE program wasn’t discussed, though he managed to keep the euro under pressure in the end, by adding that an abrupt halt to asset purchases is unlikely. On the data front, better…

Source: XE news feed
XE Market Analysis: Asia – Oct 20, 2016