XE Market Analysis: Asia – Oct 21, 2015

The dollar was again range bound through the N.Y. session on Wednesday, ranging between 1.1337 and 1.1364 against the euro, and 119.84 to 120.09 versus the yen. For EUR-USD, we look for quiet conditions to prevail overnight, ahead of Thursday’s ECB meeting, where focus will be on hints for future upping of QE measures. USD-JPY looks set to remain in buy the dip mode as the BoJ meeting looms at the end of the month. USD-CAD rallied to better than two-week highs of 1.3133, as the BoC left rates unchanged, as expected, though downgraded their growth outlook.