XE Market Analysis: Asia – Sep 07, 2017

The dollar was weaker again in N.Y. trade on Thursday, largely prompted by a hawkish tilting ECB press concerence. Improved Q2 U.S. prductivity, and a hurricane related spike in jobless claims had little impact on the FX market. At his press concerence, Draghi revealed concern over euro strength, as he downplayed any tightening timing, and as the bank downgraded inflation expectaions. Nonetheless, EUR-USD popped to 1.2059 highs from session lows of 1.1930. USD-JPY sagged to 10-month lows of 108.04 as geipolitics, and wobbly risk taking levels weighed.

Source: XE news feed
XE Market Analysis: Asia – Sep 07, 2017