XE Market Analysis: North America – Dec 14, 2016

The major dollar pairing saw some chop during the European AM session as markets hunkered down ahead of the Fed announcement. EUR-USD settled around 1.0630-40. The euro had dipped to a 1.0612 low after popping to a 1.0664 peak during a sell-off in the dollar in the early London session. Sub-forecast Eurozone production data had little impact. Yesterday’s six-day high at 1.0667 was left unchallenged. USD-JPY plied a narrow range in the low 115s, a dip to 114.86 during the early London session having proved to be short lived. A net discouraging Tankan survey of business conditions in Japan didn’t…

Source: XE news feed
XE Market Analysis: North America – Dec 14, 2016