XE Market Analysis: Asia – Oct 23, 2017

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The dollar was modestly higher in N.Y. trade on Monday, though the DXY managed better than two-week highs of 94.01. There was no data to drive markets, and the risk backdrop had little impact on the FX market, with both yields and stocks range bound. EUR-USD topped at 1.1763 into the London close, then later fell back to 1.1726 lows. USD-JPY was unable to reclaim the 114 handle, falling into 113.61 lows at mid-session before steadying near 113.75. USD-CAD firmed up over 1.2660 ahead of this Wednesday’s BoC policy meeting, while cable was a bit firmer, closing over 1.3200.