XE Market Analysis: Asia – Oct 05, 2015

The dollar was mostly firmer in N.Y. trade on Monday, as renewed bad news is good news sentiment again saw Wall Street rally on dimmed Fed rate hike expectations, and as Treasury yields clawed back some of Friday’s steep losses. EUR-USD gave up the 1.12 handle, after posting two-week highs of 1.1318 on Friday, as USD-JPY moved to one-week highs over 120.55 on the better risk backdrop. Both the euro and yen were weighed by fresh speculation both the ECB and BoJ may be pushed into further easing measures. Cable stayed on the 1.51 handle through the session, as U.K.