After falling overnight, the dollar found its footing in N.Y. trade on Wednesday, moving higher versus most major currencies, as yields moved up, and as risk appetite remained supportive. Better existing home sales, and firmer housing prices helped Wall Street, and led to a EUR-USD sell off to 1.0709 lows, after the pairing ran into a barrage of sellers at 1.0800 in London. USD-JPY rallied over 119.90, where it ran into resistance from a reported layer of Japan exporter offers from 120.00. USD-CAD meanwhile, maintained support over its 100-day moving average of 1.2222.
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