Tuesday, 5 January 2016

XE Market Analysis: Asia - Jan 05, 2016

The dollar was mostly higher in N.Y. trade on Tuesday, taking EUR-USD into one-month lows of 1.0710, and USD-CAD to fresh 12-year highs near 1.4020. USD-JPY was the steady pairing of the session, as it largely idled between 118.90 and 119.20. Cable meanwhile, made new nearly none-month lows of 1.4639, and now appears to have its sights set on the April, 2015 lows of 1.4565. Yields edged higher, as stocks started out above water, though faded into red territory later in the session. A heavy U.S. calendar on Wednesday will highlight the ADP jobs report.

[EUR, USD]



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