XE Market Analysis: North America – Dec 27, 2016

FX trade was very quiet overnight, with London remaining on Christmas break, and a light calendar and year-end conditions keeping thinly staffed desks sidelined. EUR-USD idled in familiar territory near 1.0450, while USD-JPY was steady in the low 117s. Firmed oil prices failed to help the CAD, which remained over 1.3500, following weak Canada GDP data reported on Friday. Cable meanwhile, stayed under 1.2300 in very thin, London-less trade.[EUR, USD]EUR-USD firmed up slightly to 1.0455 highs, coming from 1.0440 lows in very light trade. ECB’s Knot and Weidmann talk about the need to not delay real QE tapering for too…

Source: XE news feed
XE Market Analysis: North America – Dec 27, 2016