XE Market Analysis: North America – Dec 23, 2016

Narrow ranges have been prevailing in very subdued trade. Several Asian centres were closed either for a half or full day, including Japanese markets, which were closed for the Emperor’s Birthday. Many interbank market participants in London today won’t make back from the pub at lunchtime either, and many centres will be down to skeletal staffing levels until the new year. USD-JPY continued to ply a narrow range in the mid 117s, consolidating after logging a trend high at 118.66 last week. EUR-USD made time in the mid 1.04s after logging an eight-day peak at 1.0499 yesterday amid what was…

Source: XE news feed
XE Market Analysis: North America – Dec 23, 2016