Tuesday, 1 March 2016

XE Market Analysis: Asia - Mar 01, 2016

The dollar was mixed in N.Y. trade on Tuesday, moving higher versus the yen and euro, while losing ground to the resurgent CAD an GBP. Better incoming U.S. data helped the risk backdrop, slowing stocks to rally sharply, and yields move significantly higher. Manufacturing ISM remained in contractionary territory, though printed much better than expected, as construction spending was solid as well. EUR-USD posted fresh trend lows of 1.0835 before bouncing over 1.0870, as USD-JPY made its way to 114.10 highs.



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