XE Market Analysis: Europe – Nov 23, 2016

The dollar has remained buoyed but below trend highs. USD-JPY has hugged the 111.00 level in the absence of Tokyo markets, which today were closed for the Labour Thanksgiving public holiday. The pair is holding near the five-and-a-half-month high at 111.36, which was made on Monday. Another set of record highs among the main Wall Street equity indicies on Tuesday is keeping dollar dips shallow. EUR-USD has been settled in the lower 1.06s, below yesterday’s rebound peak at 1.0658. USD-CAD has modest downside drift, but has held well within Tuesday’s range. AUD-USD shrugged off weak construction data out of Australian…

Source: XE news feed
XE Market Analysis: Europe – Nov 23, 2016