Thursday 17 December 2015

XE Market Analysis: Asia - Dec 17, 2015

The dollar dipped early in N.Y. trade on Thursday, weighed down by a softer Philly Fed index, and a wider Q3 current account deficit. The greenback soon shrugged off the data however, and spend the remainder of the morning moving higher. EUR-USD topped out at 1.0870, before falling back into 1.0803 lows, a nearly two-week base. USD-JPY posted seven session highs of 122.80, while cable broke through 1.4900, on its way to 1.4865 lows, a new eight-month low. USD-CAD approached the 1.4000 mark, a new 11-year low, as oil prices, and commodities in general took yet another dive.



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