Monday, 7 March 2016

XE Market Analysis: Asia - Mar 07, 2016

The dollar was mostly lower in N.Y. trade on Monday, losing ground to the euro, pound, CHF and CAD, while trading fairly flat against the yen. There was no data to drive the markets on Monday, though Wall Street managed modest gains. EUR-USD found buyers under 1.0950 early, and later printed highs of 1.1025. USD-JPY meanwhile, spent most of the session between 113.34 and 113.70, as USD-CAD posted nearly four-month lows of 1.3263, as oil prices rallied 5% to over $38/bbl. Cable largely followed the euro higher, topping at 1.4284, up from opening lows near 1.4140.



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