XE Market Analysis: Asia – Nov 17, 2017

The dollar attempted a modest rally after better U.S. housing starts data, though given the backdrop of White House Subpoenas and doubts over the ability of the GOP to pass tax reform, ultimately faded to near rlows of the week. Wall Street lost ground as gold rallied, leaving the risk backdrop very soggy to end the week. USD-JPY fell to one-month lows of 111.95, as EUR-USD again topped over the 1.1800 mark. USD-CAD rallied early on cooler Canada CPI, though oil prices firmed up through the session, tkaing the pairing back into 1.2760.