XE Market Analysis: North America – Jan 11, 2017

The dollar picked up bids during the European AM as markets factored in the chance that U.S. president-elect Trump will reignite the “Trumpflation” rally. EUR-USD sank to the low 1.05s, posting a two-session low at 1.0513, while USD-JPY lifted to a two-session high at 116.46. The Australian and NZ dollars outperformed, AUD-USD clocking a one-month high just shy of 0.7400, while sterling underperformed following an unexpected blowout in the UK’s trade deficit in November. Cable hit a 10-week low at 1.2095, subsequently recouping to the 1.2130 area where the pair was still showing a 0.3% decline on the day. USD-CAD…

Source: XE news feed
XE Market Analysis: North America – Jan 11, 2017