XE Market Analysis: Asia – Sep 25, 2015

The dollar consolidated overnight gains in early N.Y. trade, and in some instances, gave back some ground on the back of pre-weekend position squaring. The return of some risk taking overnight, following Yellen’s clarifying speech, helped sentiment in N.Y .dealings, as did an upwardly revised Q2 GDP outcome. Equities moved higher despite Yellen being on board for a 2015 rate hike, while yields characteristically moved higher. EUR-USD dipped to 1.1125 lows after the GDP revision, before making 1.1207 highs into the London close.