XE Market Analysis: North America – Feb 15, 2017

The dollar remain underpinned in the wake of Yellen’s Senate testimony. EUR-USD forayed into new one-month low territory under 1.0550, and USD-JPY lifted to 16-day highs above 114.50. Cable got a helping push from an unexpected deceleration in UK wage data, which offset a dubiously large claimant count fall. The pair posted and eight-day low at 1.2420, and the pound also saw moderate losses against the yen and euro. Forex markets continued to ignore Eurozone data, which today confirmed a widening in the area’s trade surplus in 2016.

Source: XE news feed
XE Market Analysis: North America – Feb 15, 2017