XE Market Analysis: North America – Feb 27, 2017

The dollar has traded steady-to-mixed in early-week trade. Markets are hunkered down into Trump address before Congress tomorrow, which comes with investors wanting more detail on his tax cut intentions and regulatory reforms while harbouring some concerns about the prospects for protectionism. EUR-USD lifted modestly, to the upper 1.05s, but remained left 1.0600 and Friday’s 1.0618 peak untested. The yen was bid during the Tokyo session before giving back some of these gains in Europe as risk aversion abated somewhat after a risk-off session in Asia.

Source: XE news feed
XE Market Analysis: North America – Feb 27, 2017