XE Market Analysis: Asia – Nov 20, 2015

The dollar was steady to higher in N.Y. trade on Friday, posting gains against the euro following dovish tones from ECB chief Draghi during the London morning session. EUR-USD topped out at 1.0707 early in the session before trading to 1.0640 lows. USD-JPY found support into the 122.70 region, though was unable to test the 123.00 mark in a sustained manner. USD-CAD moved higher, despite firmer oil prices, as the Liberal government’s first budget painted a not so rosy outlook on the Canadian economy.