XE Market Analysis: North America – Dec 16, 2016

The Fed-induced dollar rally came to a pause and correction. EUR-USD shot to a peak of 1.0472 peak, about 60s up on the day, and up on yesterday’s near 14-year low at 1.0366, though still some way short of yesterday’s 1.0514 peak. USD-JPY dipped to a 117.92 low, which is 74 pips below yesterday’s 10-month high, but comfortably above yesterday’s low at 117.37. USD-CAD fared better, lifting out of the lower 1.03s to around 1.0350. We remain dollar bullish, though a quiet calendar and the approaching weekend may impede position-taking appetite over the near term.[EUR, USD]EUR-USD shot some 60 pips…

Source: XE news feed
XE Market Analysis: North America – Dec 16, 2016