Friday, 5 February 2016

XE Market Analysis: Asia - Feb 05, 2016

The dollar stumbled initially after the employment report, which missed on the headline NFP print, though overall were quite solid overall. USD losses were short lived however, as it appeared some end of week profit taking set in following the dollar's worst week since 2009. EUR-USD spiked to trend highs of 1.1255 before quickly falling back to 1.1110 lows. USD-JPY meanwhile, fell to 116.29 lows, and subsequently snapped back over 117.40. USD-CAD reacted to yet another downdraft in oil prices, though the Canadian employment report was weaker than expected.



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