Monday, 1 February 2016

XE Market Analysis: North America - Feb 01, 2016

The yen and commodity currencies settled after Friday's BoJ-induced underperformance of the former and outperformance of the latter. USD-JPY posted a narrow range in the low-to-mid 121s, holding below Friday's six-week peak at 121.68, while EUR-USD made time in the low-to-mid 1.08s. USD-CAD recouped above 1.4000, putting in some distance from Friday's three-week low at 1.3947. AUD-USD extended its correction from the three-week highs seen on Friday. Oil prices and other commodities traded lower, while European stocks and U.S. equity index futrues posted moderate declines.



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