XE Market Analysis: Asia – Jan 26, 2018

Comments are off

The dollar was dented briefly by the early mix of data, where Q4 GDP came in a bit under expectations. From there, U.S. Treasury Secretary Mnuchin clarified his “weak dollar” comments from earlier in the week, which mostly put a floor under the greenback. EUR-USD topped at 1.2457 early, later easing to 1.2408 lows. USD-JPY was hit lower by upbeat Kuroda comments from Davos, falling to 108.29 lows from 109.48. Cable eased back from 1.4268 to 1.4145 lows. USD-CAD rallied following softer Canada CPI, though later fell to lows of 1.2294 as oil prices remained firm.