XE Market Analysis: Asia – Oct 21, 2016

The dollar advanced further in N.Y. trade on Friday, taking EUR-USD to seven-month lows of 1.0860. USD-CAD also made a seven-month high of 1.3350 on the back of soft Canadian data, and wobbly oil prices. Cable recovered from lows near 1.2170, topping at 1.2242 into the Friday close. There was no U.S. data to drive the market on Friday. Wall Street stumbled early as oil prices moved lower, though decent earnings reports and a partial recovery of WTI crude saw stocks pare losses in afternoon trade.[EUR, USD]EUR-USD continued its slow grind lower on Friday, basing at 1.0860, after topping over…

Source: XE news feed
XE Market Analysis: Asia – Oct 21, 2016