XE Market Analysis: Asia – Jul 30, 2015

The dollar posted gains in N.Y. trade on Thursday, aided by a minor Q2 GDP miss, and an upwardly revised Q1 outcome. Weekly jobless claims meanwhile, were a touch lower than forecasts. The mix of data was good enough to keep a September rate hike on the table, which benefited the greenback. EUR-USD peaked at 1.0968 early on, before eventually slipping to 1.0893, a better than one-week low. USD-JPY peaked at 124.58, a nearly two-month high. USD-CAD made 1.3044 highs, with CAD selling seen ahead of Canadian GDP data on Friday. Cable meanwhile, fell to 1.5563 from highs over 1.5640.

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