XE Market Analysis: North America – Jun 28, 2017

The dollar continued to trade mixed, losing ground to the euro and Canadian dollar, holding steady versus the yen while gaining ground against the Australian dollar. EUR-USD extended the ECB taper-talk rally, catalysed by Draghi’s remarks of yesterday, and clocked a one-peak at 1.1388, subsequently settling around 1.1360. USD-CAD was a notable mover, tumbling by nearly 1% in making a four-month low at 1.3086. Remarks by BoC Governor Poloz that a rate hike should “at least” be considered propped the Canadian dollar.

Source: XE news feed
XE Market Analysis: North America – Jun 28, 2017