Thursday 28 January 2016

XE Market Analysis: North America - Jan 28, 2016

The dollar traded mixed, moderately firmer against the yen and euro, though stalling, in the case against the latter, for a second day above 1.0900, but losing ground to sterling, which posted a relief rally on preliminary UK Q4 GDP data, and the commodity currencies. This price action was seen amid divergent themes, with stocks in Asia finishing mixed, oil prices rallying to fresh rebound highs, but European shares tipping lower amid weak earnings reports and weaker than expected confidence readings out of the Eurozone and the UK.

[EUR, USD]



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