XE Market Analysis: Asia – Nov 30, 2017

The dollar was pressured in morning trade in N.Y. on Thursday, despite solid incoming U.S. data, and a run to record highs on Wall Street, where better prospects for a Senate passage of the tax reform bill buoyed equity market sentiment. The greenback later recovered some ground, leaving EUR-USD near 1.190 from 1.1931 highs, and USD-JPY over 112.50 from a 111.74 base. USD-CAD recovered over 1.2900 as oil prices faded on a sell-the-fact OPEC extension of output caps. Cable meanwhile, topped at 1.2548 on an improved Brexit outlook, before settling near 1.3520.