Wednesday 30 December 2015

XE Market Analysis: North America - Dec 30, 2015

All quiet on the forex front would be an apt title should an epic novel ever be written about the story of currency market developments on Dec-30, 2015. EUR-USD plied a narrow 1.0919-44 range, and USD-JPY an equally uneventful 120.35-58. Cable repaired above 1.4800 after posting a seven-month low at 1.4785 yesterday. The Aussie and Kiwi dollars traded softer today after outperforming yesterday, tracking a similar flow and ebb in commodity and equity markets. USD-CAD inched higher, pushing to the 1.3860-70 area, up from the two-week lows seen yesterday at 1.3816.



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