XE Market Analysis: Asia – Oct 26, 2016

The dollar pulled back some in morning N.Y. trade on Wednesday, as profit taking continued following Tuesday’s nine-month top in the DXY. Incoming U.S. data was supportive of the greenback however, with trade and inventory data implying a stronger Q3 GDP reading. The USD later turned higher, also helped by an oil rally inspired Wall Street rally. EUR-USD topped at 1.09446, before making its way to 1.0905 lows. USD-JPY meanwhile, based at 1.0906, then rallied back to 104.61 highs on the improved risk backdrop. USD-CAD dove 1.3315 from near 1.3380 following a bullish oil inventory report, though later moved back…

Source: XE news feed
XE Market Analysis: Asia – Oct 26, 2016