Thursday, 23 April 2015

XE Market Analysis: Asia - Apr 23, 2015

The dollar eased broadly lower in N.Y. trade on Thursday, partly on easing Greece concerns, and partly due to ongoing weakness in incoming U.S. data. Higher jobless claims and soft new home sales dented USD sentiment through the session, as did slightly lower Treasury yields. EUR-USD peaked at 1.0844, just under the April 17 peak, and up from 1.0733 lows. USD-JPY topped at 120.09, and struggled in the face of exporter offers, resulting in a slide back under 119.50. USD-CAD softened to 1.2124 lows, as higher oil prices, and retreating odds for another BoC rate cut.



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