Wednesday, 22 July 2015

XE Market Analysis: Asia - Jul 22, 2015

A quiet Wednesday session in N.Y. saw the dollar move mostly higher, though traded ranges were relatively narrow. A strong existing home sales report helped USD sentiment, though Wall Street took it on the chin following earnings misses. EUR-USD moved into 1.0870 lows at mid-session, after opening near 1.0915, though buyers under the figure were persistent throughout. USD-JPY was buoyed by the housing data, though the softer risk backdrop curtailed gains. The pairing peaked at 124.15.



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