Tuesday 7 June 2016

XE Market Analysis: Asia - Jun 07, 2016

FX trade was mostly quiet in N.Y. on Tuesday, as the dust settled in the aftermath of Yellen's shake-up on Monday. For the most part, major dollar pairings remained inside of familiar ranges, with little in the way of data to rile things up. Revised productivity data came in near expectations, and had little market impact. EUR-USD was stuck inside a 1.1340-70 band, while USD-JPY eased into 107.20 after being capped at 107.90. Cable traded over 1.4600 in London, though was unable to hold on to gains, ultimately heading back to a bottom of 1.4527.



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