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USD/CAD2014-12-19 19:52 UTC

USD-CAD initially rallied to 1.1634 following the offsetting Canadian CPI and retail sales data, which revealed cooler inflation numbers and better than expected sales. The pairing had rallied to intra day highs of 1.1615 going into the data, and after the initial pop, returned back to the 15 level. WTI crude so far finds support under $55, with further gains keeping a lid on USD-CAD through the morning session. Oil touched highs over $57, ... Read More 

XE Market Analysis

  • North American Edition2014-12-19 12:02 UTC

    The dollar traded firmer, underpinned by a widening in the currency's yield advantage, reaching new highs versus the yen and euro. USD-JPY led the way, extending to an eight-day peak of 119.50, with subsequent dips remaining shallow. The yen showed its usual inverse correlation with the Nikkei stock index, which closed with a solid 2.4% gain. The BoJ kept monetary policy steady today while maintaining the increase in the monetary base at 80 tln yen, as ... Read More 

  • European Edition2014-12-19 06:26 UTC

    USD-JPY extended gains as stocks continued to rally in Asia, which also benefited the AUD and NZD. USD-JPY climbed to an eight-day peak of 119.39, breaching above the 20-moving average at 118.79 and bringing the Dec-11 peak at 119.55 into scope. The Nikkei liked the yen's weakness, and posted a solid 2%-plus rally. The BoJ kept monetary policy steady and maintained the increase in the monetary base at 80 tln yen, as expected. The central bank also raised ... Read More 

  • Asian Edition2014-12-19 19:52 UTC

    The dollar firmed up to end the week, while Treasuries and the equity market largely took a breather, and oil prices recovered to $57 on pre-weekend short covering. There was no data to drive the dollar on Friday, though following the post-FOMC wave of risk-on, USD bulls took charge, taking EUR-USD to new 2-plus year lows under 1.2225, and USD-JPY back over 119.50. Cable fell into the 1.5600 region, while USD-CAD found support from cool Canadian CPI data. Read More 

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