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USD/CAD2014-10-31 16:46 UTC

USD-CAD ran up from 1.1180 into the Canadian GDP data, to over 1.1250 in the aftermath, where the marginally softer outcome saw buyers step in. Monday's 1.1255 high was then in sight, with the 1.1300 level set to move back into the cross hairs on a break of the level. Gold was down nearly 3%, while WTI crude traded under the $80/bbl mark, both weighing further on the CAD. The pairing later traded over the 1.1300 level for the first time ... Read More 

XE Market Analysis

  • North American Edition2014-10-31 09:58 UTC

    The yen dove sharply on the shock BoJ easing, which saw USD-JPY spike to a six-year peak at 111.67, as of the time of writing, well up on yesterday's 108.90 London closing level. EUR-JPY rallied by over two big figures to a five-week high near 140, and other yen crosses saw a similar price action. The BoJ announcement of an expansion in QQE (quantitative and qualitative easing), by a vote of 5-4, came as a complete shock to markets. Aside from causing the ... Read More 

  • European Edition2014-10-31 07:32 UTC

    The yen dove sharply on the shock BoJ easing, which saw USD-JPY spike a six-year peak of 111.19, well up on yesterday's 108.90 London closing level. EUR-JPY rallied by around two big figures to a five-week high at 139.76, and other yen crosses saw a similar price action. The BoJ announcement of an expansion in QQE (quantitative and qualitative easing), by a vote of 5-4, came as a complete shock to markets. Aside from causing the dive in the yen, the ... Read More 

  • Asian Edition2014-10-31 16:46 UTC

    The BoJ's surprise easing had dramatic impact on the markets, sending U.S. equity indices to trend and record highs, while supporting the dollar broadly. USD-JPY ramped to new seven-year highs of 112.47, as EUR-USD traded under 1.2500 for the first time in more than two-years. USD-CAD edged back over 1.1300 on soft Canadian GDP GDP, and a weak commodity backdrop, as USD-CHF came within 20 points of its trend high. On the economic front, softer earnings ... Read More 

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