Wednesday 8 June 2016

XE Market Analysis: North America - Jun 08, 2016

The dollar continued to proceed with a heavy tone. USD-JPY ebbed to two-day low at 106.72 and the dollar edged out a new one-month low against the Australian dollar and a three-week low versus the Canadian dollar, the latter underpinned by the backdrop of new highs in oil prices. Cable was lifted by strong UK production data, though selling on the view of Brexit risks capped (with two weeks and one day to go to the EU referendum). EUR-USD, meanwhile, retained a flat profile in the mid 1.13s, holding below the four-week high seen in the wake of Fed chair Yellen's remarks on Monday.



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