Thursday 28 April 2016

XE Market Analysis: Asia - Apr 28, 2016

Following overnight gyrations, led by USD-JPY, FX trade was relatively calm through the N.Y. session on Thursday, with major dollar pairings largely stuck inside of narrow ranges. Wall Street stumbled on the back of a softer GDP report, though yields moved up from session lows. EUR-USD moved between 1.1359 highs and 1.1311, as USD-JPY attempted to rally, peaking at 108.73 before falling back into 108.00 as stocks faded. USD-CAD eased into 1.2521 lows as oil prices topped $46/bbl, while cable found support into 1.4550, and later traded to 1.4623 highs.

[EUR, USD]



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