XE Market Analysis: Asia – Oct 17, 2017

The dollar started the N.Y. session on a firmer footing, aided by higher than expected import and export prices. From there however, the greenback turned lower, leaving the DXY under 93.50 from one-week highs of 93.73. EUR-USD bottomed at 1.1737 before making its way to 1.1774 highs, as range trade mentality persists. USD-JPY managed to hold the 112.00 handle through the day, though pulled back from 112.47 to a low of 112.14. Cable touched four-session lows of 1.3155 on Brexit concerns, while USD-CAD traded to 1.2591 after it was learned that Canada would not accept U.S.