XE Market Analysis: North America – Dec 19, 2016

The dollar traded softer against the yen, recovered from intraday losses versus the euro and posted gains against the Canadian and Australian dollars, all in thin year-end conditions. USD-JPY briefly pierced below 117.00, leaving a four-session low of 116.97 before recouping to around the 117.50 mark, still leaving the dollar with about a 0.4% decline on the day. EUR-USD ebbed back to near net unchanged levels around 1.0440 after logging a 1.0479 peak ahead of the European open. Data releases, including an about-forecast German Ifo survey, had little impact.[EUR, USD]EUR-USD has been mired in a narrow range centred around the…

Source: XE news feed
XE Market Analysis: North America – Dec 19, 2016