Wednesday, 5 August 2015

XE Market Analysis: Asia - Aug 05, 2015

The dollar pulled back some early in the session, as the ADP employment report mildly missed expectations. The greenback came roaring back from there however, as the July services ISM posted a 10-year high. EUR-USD started out near 1.0880, and rallied to session highs of 1.0937 after the employment data, then fell to session lows of 1.0850 following the ISM outcome. USD-JPY similarly dipped to 124.12 lows before making two-month highs of 125.01. USD-CAD fell initially on better Canadian trade data, though as oil prices fell under $45/bbl. the pairing rallied to just under 1.3200.



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