Friday, 12 June 2015

XE Market Analysis: Asia - Jun 12, 2015

The dollar traded broadly lower in N.Y. on Friday, despite a slightly warmer PPI headline, and a better U. of Michigan sentiment outcome. Yields eases some, and Wall Street tumbled again, weighing generally on dollar sentiment. After trading into 1.1150 in London, EUR-USD managed highs of 1.1296 into the N.Y. open, while USD-JPY slipped to lows of 123.14, from session highs of 123.81. USD-CAD moved up to 1.2347 highs early, as oil prices receded, though later succumbed to broad USD selling pressure, falling into 1.2293 lows.



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