Tuesday 22 December 2015

XE Market Analysis: Asia - Dec 22, 2015

A fairly uneventful N.Y. session saw equities higher, and yields and the dollar a touch lower. Incoming U.S. data was mixed, as revised Q3 GDP was a bit better than expected, while existing home sales slumped. EUR-USD opened near 1.0945, and rallied slowly to 1.0984 highs in light trade. USD-JPY slipped to six-session lows of 120.73, though as Wall Street recovered, the pairing made it back to 121.00. USD-CAD was range bound, though still bid into the 1.3900 mark, while cable again underperformed, falling to fresh eight-month lows of 1.4806.



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