Wednesday 23 December 2015

XE Market Analysis: Europe - Dec 23, 2015

The dollar majors continued to lack direction and lack-lustre year-end trading conditions. EUR-USD has ebbed back to familiar territory in the low 1.09s after inching out a one-week peak at 1.0984 yesterday. USD-JPY has narrowly orbited around 121.00 for a third day, with the sharp volatility seen in the wake of last Friday's BoJ policy tweaks fading into the past. There was no data of much prominence out of Asia-Pacific today, though a narrower than expected trade deficit in November data out of New Zealand aided a bid in the NZD, which is showing a 0.3% gain against the USD.



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