Wednesday, 13 January 2016

XE Market Analysis: North America - Jan 13, 2016

The dollar traded higher against the yen and euro, but lower against the Australian dollar as risk appetite revived on the tonic of data and policymaker efforts in China. A rise in Chinese exports and the PBoC's maintaining of the daily fix of the CNY near unchanged for a fourth day helped calm sentiment. AUD-JPY, a barometer of risk appetite, breached its previous day's peak for the first time in eight sessions in gaining over 1%. USD-JPY lifted to a six-day peak of 118.36, while EUR-USD sank to a six-day low at 1.0805 at the prompt of a miss in Eurozone production data.



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