XE Market Analysis: Europe – Jan 12, 2017

Dollar weakness has been the predominant theme so far today after president-elect Trump failed to deliver any fresh insights on his fiscal plans in yesterday’s press conference. This was a prompt for the dollar to further correct gains seen during last November-December’s Trumpflation trade. USD-JPY ebbed to one-month lows under 114.20, putting in some more distance from the trend high at 118.66, which was seen on December 15. EUR-USD rose to a two-week peak of 1.0638. Even Cable rallied, logging a three-session peak at 1.2273. USD-CAD clocked a one-month low, while AUD-USD and NZD-USD made one-month highs. The yen outperformed…

Source: XE news feed
XE Market Analysis: Europe – Jan 12, 2017