Tuesday, 2 February 2016

XE Market Analysis: Asia - Feb 02, 2016

The dollar was mostly lower in N.Y. trade on Tuesday, as another oil price slide saw risk-taking levels tank. Wall Street fell sharply, as Treasury yields skidded. EUR-USD remained range bound, posting 1.0940 highs, before finding support into 1.0890. USD-JPY succumbed to safe-haven yen purchases, while cable reclaimed, and held the 1.4400 handle. USD-JPY largely shrugged off WTI crude's return to the $29 handle, managing just 1.4082 highs after opening near 1.3980.

[EUR, USD]



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