Friday, 8 January 2016

XE Market Analysis: Asia - Jan 08, 2016

The dollar surged higher following the much better December employment report, as equity futures and yields followed suit. The gains were not to last however, as stocks gave back early winnings, and yields slipped back. Renewed oil price weakness weighed on stocks some, while the dollar faded into the weekend, largely on position squaring. Nerves remain frayed however, with volatility and uncertainty in China likely to continue into next week and beyond.

[EUR, USD]



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