Thursday, 23 July 2015

XE Market Analysis: Asia - Jul 23, 2015

The dollar perked up after a 40-plus year low print in weekly jobless claims, though as risk taking appetite fell following some multi-national earnings misses, the unit slipped lower versus the yen and euro. Another commodity market sell-off weighed on the CAD and AUD, while cable stayed soft after the U.K. retail sales miss. EUR-USD fell to 1.0952 intra day lows after the jobs data, before finding its way to 1.1015 near the close. USD-JPY managed 124.18 highs early on, before falling back into 123.75 on softer U.S. yields, and significant Wall Street losses.



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