Tuesday, 26 January 2016

XE Market Analysis: Asia - Jan 26, 2016

The dollar was mixed in N.Y. trade on Tuesday, climbing modestly versus the yen, as it gave up a bit of ground against the euro. A solid oil market rally supported equities through the session, which took back Monday's late day losses. On the data front, consumer confidence was a bit better than expected, while flash services PMI was a bit light. EUR-USD ranged between 1.0823 and 1.0856 through the session, while USD-JPY held over 118.25, peaking at 118.62. USD-CAD slid sharply with bouncing oil prices, falling to lows of 1.4045 after opening over 1.4220.



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