Friday, 7 August 2015

XE Market Analysis: Asia - Aug 07, 2015

The dollar ultimately rallied after the in-line NFP print, though it appeared someone guessed horribly wrong just prior to 8:30 EDT, as the unit fell sharply before the data hit the wires. After rallying briefly, the dollar then made its way lower through the remainder of the session, as another risk-off day took its toll. Wall Street fell, as longer dated yields slid, keeping USD bears in charge. EUR-USD ranged between 1.0855 early, and closed the session over 1.0970, after peaking at 1.0978. Risk sensitive USD-JPY fell from two-month highs of 125.07 to a low of 124.13.



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