XE Market Analysis: Asia – Oct 19, 2015

The FX market was quiet in N.Y. trade on Monday, with narrow ranges in place for most major dollar pairings. This said, the greenback was mostly firmer. EUR-USD dipped under 1.1350 into the open, and remained under the level through the day, finding support into 1.1300. USD-JPY continued to struggle over 119.50, though firmer yields which came on the back of a 10-year high in the NAHB housing market index, provided some support. USD-CAD rallied over 1.3010, as a softer commodity backdrop, and uncertainty over Canada’s federal election weighed on the CAD.