XE Market Analysis: North America – Jan 12, 2017

The Trump-deflation trade took the place of the Trumpflation trade. The dollar extended declines that were seen after Trump’s press conference yesterday amid a lowering in expectations for accelerated growth after the president elect failed to deliver details on fiscal or infrastructure plans while displaying a zeal for trade protectionism. The buck was off its lows heading into the New York interbank open but was still showing a loss of 0.6% versus the euro, a 0.9% decline against the outperforming yen, and losses of between 0.8% and 0.9% % versus the dollar bloc currencies. USD-JPY lurched under 114.00 on route…

Source: XE news feed
XE Market Analysis: North America – Jan 12, 2017