Monday, 30 November 2015

XE Market Analysis: Asia - Nov 30, 2015

FX trade was relatively quiet to end the month of November, though the dollar did post modest gains versus most major currencies. EUR-USD eked out new trend lows of 1.0558 after topping at 1.0584 early in the session. USD-JPY found support at 123.00, though upside was limited to 123.34, an eight-session high. USD-CAD meanwhile, touched 133.12 lows, though oil price weakness during the afternoon session saw the pairing reclaim the 1.3350 level. Cable clawed its way from seven-month lows of 1.4994, peaking later at 1.5066, largely on short covering interest.



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