XE Market Analysis: Asia – Jan 10, 2018

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The dollar perked up some in N.Y. trade on Wednesday, after getting smacked lower in the London morning session, after it was speculated that China would pare its Treasury purchases. EUR-USD slipped from opening highs over 1.2005 to base at 1.1940. USD-JPY bottomed at 111.27 early on, then topped at 111.64 before turning sideways. UJSD-CAD was steady under 1.2500 until Reuters reported that Canada is convinced the U.S. will exit the NAFTA agreement. This saw USD-CAD to spike up to 1.2579 highs. Cable eased back into 1.3500 from highs of 1.3562 into the open.