Thursday, 17 December 2015

XE Market Analysis: North America - Dec 17, 2015

The dollar is extended gains that were sparked by the Fed's rate hike yesterday. EUR-USD fell over 0.6% in making a two-week low of 1.0833. The euro continued to bear the brunt of dollar buying comparted to other majors, which saw EUR-JPY and some other euro crosses trade lower. USD-JPY, meanwhile, lifted to a one-week peak of 122.64 before settling back under 122.50. AUD-USD was showing a 0.3% decline, as of the late European AM session. The NOK broke the trend, rising against the dollar after Norway's central bank unexpectedly refrained from cutting interest rates today.



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