Monday, 20 July 2015

XE Market Analysis: Asia - Jul 20, 2015

The dollar was mixed in light N.Y. trade on Monday, posting marginal gains against the euro after rallying to 1.0870 on short covering. USD-JPY maintained a paper-thin range throughout, capped by last week and last month highs of 12438. USD-CAD tripped stops over 1.3000, before posting new 11-year highs over 1.3020. Softer oil and gold prices weighed on the CAD. Cable briefly reclaimed the 1.56 handle, into the London close, before slipping back under 1.5580. There was no data to trade on, and little fresh news from Greece.



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