XE Market Analysis: Asia – Feb 10, 2017

XE Market Analysis
The dollar was mixed in N.Y. trade on Friday, rallying some against the euro and pound, while losing ground to the yen and CAD. EUR-USD traded a relatively narrow range, though did manage to post nearly one-month lows of 1.0608. USD-JPY meanwhile, sold off ahead of the Trump/Abe meeting in Washington, later touching lows of 112.87 after Trump mentioned currency manipulation. Cable failed to hold the 1.2500 handle, while a much better Canadian jobs report, and firmer oil prices saw USD-CAD drop from near 1.3140 to lows of 1.3064. (more…)