XE Market Analysis: Asia – Oct 27, 2016

The dollar was on a firmer footing through the N.Y. session on Thursday, resulting in USD-JPY climbing to three-month highs, USD-CAD to a seven-month top. EUR-USD faded, though remained above lows of the week. Cable meanwhile, eased into 1.2150, despite the better U.K. GDP reported in London morning trade. Incoming U.S. data was mixed, with jobless claims lower, and durable orders lower than forecasts. Pending home sales strengthened. Wall Street ended marginally lower on the session, as Treasury yields soared to multi-month highs on Fed rate hike angst. EUR-USD topped at 1.0942 before making 1.0883 lows, as USD-JPY printed 105.35.…

Source: XE news feed
XE Market Analysis: Asia – Oct 27, 2016