XE Market Analysis: Asia – Nov 24, 2015

FX trade was jittery following the Turkish downing of a Russian military jet, though dollar ranges were relatively narrow overall. Trade and GDP data were USD-positive, but there was little reaction in the bigger picture. EUR-USD ranged between 1.0629 and 1.0673 through the session, while USD-JPY maintained a softer footing, while holding the 20-day moving average at 122.35. USD-CAD slipped under 1.3300 as the geopolitical mid-east backdrop took oil prices over $43/bbl. Cable meanwhile, posted two-week lows of 1.5054, within reach of the multi month base of 1.5028 made on November 6.