XE Market Analysis: Asia – Oct 24, 2016

The dollar trended higher in N.Y. trade on Monday, keeping the DXY near its almost nine-month high recorded in London. EUR-USD eased under 1.0875 from highs of 1.0899 into the open, while USD-JPY topped at better than a one-week high over 104.30. USD-CAD ran up to within a hair of the 134.00 mark, while cable ebbed back under 1.2200. Incoming U.S. data had little impact, though the improved flash manufacturing PMI provided some support to the greenback. Wall Street rallied on decent earnings and fresh MA& activity, allowing yields to move higher.[EUR, USD]EUR-USD was stopped dead in its tracks into…

Source: XE news feed
XE Market Analysis: Asia – Oct 24, 2016