XE Market Analysis: North America – Oct 21, 2016

The dollar continued to traded firmly, driving, with the help of a generally soft euro, EUR-USD to a seven-month low. The dollar logged an eight-day peak versus the Canadian dollar and a four-day high against sterling, though the greenback remained below the four-day high it saw against the yen yesterday. The euro lifted off its lows, but remained heavy and net lower against most other currencies since ECB’s Draghi said that the QE program would not end abruptly. EUR-USD earlier clocked a seven-month low at 1.0877, and EUR-JPY a three-week low at 112.82. Both the pair and the cross subsequently…

Source: XE news feed
XE Market Analysis: North America – Oct 21, 2016