XE Market Analysis: Europe – Feb 08, 2017

The dollar and the majors have settled in relatively narrow trading ranges, EUR-USD in the mid 1.06s and USD-JPY in the lower 112s, the latter consolidating after hitting an 10-week low at 111.59 on Tuesday. Friday’s meeting in Washington between president Trump and Japan PM Abe will be a big focus as trade between the two nations will presumable be a big part of the meeting’s content. Abe is reportedly to discuss how Japan can further invest in U.S. production facilities (read autos). AUD-USD and USD-CAD have also traded in a consolidative manner.[EUR, USD]

Source: XE news feed
XE Market Analysis: Europe – Feb 08, 2017