Tuesday 16 February 2016

XE Market Analysis: Asia - Feb 16, 2016

The dollar firmed up some during the Tuesday N.Y. session, though ranges overall were relatively narrow. Incoming U.S. data was a bit disappointing, as the Empire State index, and NAHB housing market index both missed the mark. Wall Street was sharply higher however, despite softer oil prices, which ultimately supported the greenback. EUR-USD topped over 1.1180 before slipping back to 1.1125 lows. USD-JPY perked up to 113.99 highs, as risk taking levels improved. USD-CAD reacted to the latest oil sell-off, trading to 1.3912, and up from pre-open lows under 1.3770.



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