XE Market Analysis: Asia – Nov 16, 2017

Generally soft incoming U.S. data weighed on the dollar early in the N.Y. session on Thursday, as import prices were soft, jobless claims higher than forecast, and the Philly Fed index falling more than expected. Stronger industrial production later supported the greenback, though it was later in the session that saw the unit move to session highs. The dollar began moving broadly higher during the House tax vote, and took another step higher on its passage. EUR-USD faded from near 1.1775 to match earlier 1.1760 lows, as USD-JPY made its way from 112.80 to 113.05 highs.