XE Market Analysis: Asia – Aug 30, 2017

The dollar rallied in the aftermath of the strong ADP jobs report, and the upgraded Q2 GDP revision, taking EUR-USD to 1.1895 lows from 1.1930 into the open. USD-JPY bounced to 110.43 from around 110.00. After a brief correction lower following a Trump tweet, which said “talking is not the answer” with regards to N. Korea, the greenback perked up again, as risk taking levels improved on perceptions that a U.S. budget deal may be closer to reality. EUR-USD later eased to 1.1885, as USD-JPY printed 110.44.

Source: XE news feed
XE Market Analysis: Asia – Aug 30, 2017