Friday, 26 February 2016

XE Market Analysis: Asia - Feb 26, 2016

The dollar rallied broadly in N.Y. trade on Friday, moving to nearly one-month highs versus the euro, better than one-week peak against the yen, and a fresh seven-year highs against the pound. A string of better U.S. data supported the dollar, yields, and for the most part, equities, though after a faltering oil rally, Wall Street gave back gains. Q4 GDP was revised sharply higher than forecasts, while personal income, PCE and consumer sentiment data topped expectations as well. EUR-USD fell to 1.0912 lows from 1.1020 highs at the open, as USD-JPY ran up to a 113.98 peak.



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