XE Market Analysis: Asia – Oct 25, 2016

The dollar rallied in early N.Y. trade, taking the DXY to nine-month high over 99.00. EUR-USD touched 1.0852, a better than seven-month low, as USD-JPY rallied to a nearly three-month high of 104.85m, as cable slid to 1.2089, levels last seen on the “flash-crash” on October 7. USD gains were not to hold however, as the euro later bounced to 1.0897, as USD-JPY headed back toward 104.10. Cable rebounded to 1.2205 highs. USD-CAD settled into a 1.3310-70 trading band following sharp overnight moves driven by comment then clarifications from BoC head Poloz.[EUR, USD]EUR-USD rallied back to 1.0897 highs after failing…

Source: XE news feed
XE Market Analysis: Asia – Oct 25, 2016