XE Market Analysis: North America – Feb 10, 2017

The dollar remained underpinned in the wake of Trump’s hint yesterday of “phenomenal” tax news, which was followed-up by an unexpected phone all between Trump and his Chinese counterpart Xi, where Trump said that he would respect the “One China” policy, helping ease tensions. USD-JPY remained the lead pairing in the dollar advance, with the pair some 35 pips off its highs heading into the New York interbank open but still showing a 0.3% gain on the day, at 113.50 bid. The 113.85 peak was the loftiest level seen since February 1.

Source: XE news feed
XE Market Analysis: North America – Feb 10, 2017