XE Market Analysis: North America – Oct 25, 2016

The yen weakened, which lifted USD-JPY and EUR-JPY, and other yen crosses, while EUR-USD saw on a brief bid following forecast-beating German Ifo business expectations survey for October. The Canadian dollar was volatile, rallying sharply before dropping back following remarks by BoC Governor Poloz, who miscommunicated that monetary policy would be on hold before correcting his statement.[EUR, USD]The euro edged out fresh intraday highs against the dollar, euro and Swiss franc, among other currencies. EUR-USD’s high was 1.0893, which is six pips short of yesterday’s peak, while EUR-JPY logged a five-day high at 113.76. A forecast-beating German October Ifo busienss…

Source: XE news feed
XE Market Analysis: North America – Oct 25, 2016