XE Market Analysis: Asia – Oct 24, 2017

The dollar edged higher in N.Y. trade on Tuesday, though ranges overall were relatively narrow. There was no data to move markets, though risk-on conditions helped support the greenback. EUR-USD was fairly steady through the session, with no one making waves ahead of Thursday’s ECB meeting. USD-JPY tested the 114.00 mark, though ultimately failed again. USD-CAD was bid up into Wednesday’s BoC meeting, where another rate hike has been priced out of the pairing. Cable meanwhile, was stuck near its lows, hovering above 1.3100.