XE Market Analysis: Asia – Sep 06, 2017

The dollar perked up slightly in N.Y. trade on Wednesday, aided overall by an improved risk backdrop, and by news from Washington, where there may be agreement, at least tempoarily, to extend the debt limit, and providing hurricane relief funding. EUR-USD ran into sellers at 1.1950, later posting a 1.1912 low. USD-JPY meanwhile, rallied toward 109.40, after bottoming near 108.70. USD-CAD plunged to more than two-year lows of 1.2140 after the BoC threw the market a curve ball, and raised rates by 25 basis points. Cable printed one-month highs of 1.3082, before easing back under 1.3040.

Source: XE news feed
XE Market Analysis: Asia – Sep 06, 2017