XE Market Analysis: Asia – Dec 15, 2017

The dollar headed broadly higher in N.Y. trade on Friday, largely buoyed by improved hopes that the U.S. congress would agree on a tax reform bill. Incoming data had little impact, as the Empire State index missed the mark a bit, while industrial production was as-expected. EUR-USD started at 1.1809 highs, later falling back to 1.1750 lows. USD-JPY bounced from 112.19 to 112.74. USD-CAD moved up over 125 points to 1.2882 high, with CAD selling stepping in following soft Canadian manufacturing data. Cable ended near three-week low, printing 1.3302 on ongoing Brexit fears.