XE Market Analysis: North America – Dec 28, 2016

Following some modest weakness in Asian dealings, the dollar recovered some ground in morning Europe trade, bringing the unit back to near the top of its recent ranges. The USD index currently stands near 103.25, slightly above Tuesday’s N.Y. closing levels. EUR-USD is back under 1.0420 after topping at 1.0479, as USD-JPY is on intra day highs near 117.75. USD-CAD topped at six-week highs of 1.3582 on firmer oil prices, while cable printed two-month lows of 1.2224 on the back of fresh property market concerns.[EUR, USD]EUR-USD peaked near 1.0480 into the return of London trade, though was sold off through…

Source: XE news feed
XE Market Analysis: North America – Dec 28, 2016