XE Market Analysis: Asia – Nov 17, 2015

The dollar retained its firm tone through the N.Y. session on Tuesday, though overall moved inside of relatively narrow trading ranges. Dollar sentiment was aided by an in-line firming of October CPI, which kept USD bull hopes alive for a December Fed rate hike. Softer industrial production and housing market sentiment however, limited USD upside in morning trade. EUR-USD topped at 1.0676 following the production data, before slipping to new seven-month lows of 1.0631. USD-JPY made its way from 123.20 lows to 123.48, with offers reportedly parked from 123.50.