Wednesday, 8 July 2015

XE Market Analysis: Asia - Jul 08, 2015

FX trade was relatively subdued in N.Y. trade on Wednesday, though the dollar ended mixed overall. Ongoing paralysis on the Greece front kept EUR-USD hemmed into a narrow range, with 1.1050 acting as the fulcrum. Another risk-off session took USD-JPY to better than one-month lows under 120.50, while USD-CAD idled inside of Wednesday's range, as oil prices ended lower, though in familiar territory. Cable posted one-month lows of 1.5330 before rebounding back to 1.5365 into the close.



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