XE Market Analysis: Europe – Oct 21, 2016

The dollar majors have plied narrow ranges. Hong Kong markets were closed by a “storm signal no. 8” warning as typhoon Haima hit town. The dollar settled to a consolidation of recent gains. USD-JPY has ebbed back under 104.00 after logging a four-day peak at 104.20 yesterday. The pair had rallied from a low seen on Wednesday at 103.16, driven by a generally firmer dollar as the Fed’s Beige Book and the minutes to the September-19 FOMC discount rate meeting were both sufficiently upbeat to maintain expectations for a December Fed rate hike. EUR-JPY has in the meanwhile ebbed into…

Source: XE news feed
XE Market Analysis: Europe – Oct 21, 2016