XE Market Analysis: Asia – Sep 02, 2015

FX trade was relatively quiet in N.Y. trade on Wednesday, leaving the dollar flat to higher overall, though inside of narrow trading ranges. A nearly in-line ADP jobs report, a better than expected productivity revision, along with a factory orders miss, that was largely offset by upward back revisions, all combined to keep the dollar supported overall. Equities posted decent gains, making back roughly half of Tuesday’s sharp losses while Treasury yields were range bound. EUR-USD ranged between 1.1250 and 1.1222, as USD-JPY plied a 119.95 to 120.35 band.

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