XE Market Analysis: North America – Dec 21, 2016

The dollar has traded softer, showing a 0.2% decline versus the euro and a 0.3% drop against the yen just ahead of the New York interbank open. EUR-USD recouped above 1.0400, putting in some distance from the 14-year low seen yesterday at 1.0352. USD-JPY settled back in the mid 117s after failing to sustain gains above 118.00 yesterday, which had been seen after the BoJ left monetary policy unchanged and bank governor Kuroda ruled out a reduction in ETF purchases. Some dollar selling was seen as oil prices extended to one-week highs after API data showing a 4.15 mln depletion…

Source: XE news feed
XE Market Analysis: North America – Dec 21, 2016