Thursday, 7 January 2016

XE Market Analysis: Asia - Jan 07, 2016

The dollar was mostly lower in N.Y. trade on Thursday, though given the volatility seen in equity and commodities markets, FX trade was relatively calm. EUR-USD bounced around between 1.0825 and 1,0900, as USD-JPY found a trading range between 117.50 and 118.25. USD-CAD posted new 12-plus year highs of 1.4170, before sliding back under 1.4100 later in the session, as oil prices recovered. Cable recovered to near 1.4610 from the five-year low of 1.4534 seen ahead of the open.



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