XE Market Analysis: Asia – Feb 26, 2019

The Dollar eased in N.Y. on Tuesday, taking the DXY to 95.97 lows, from highs of 96.46. Mixed U.S. data had an impact on the Greenback, with weak housing starts weighing on the USD, and stronger consumer confidence supporting. Fed chair Powell revealed no surprises in his congressional testimony, making it clear the Fed was on hold, and awaiting incoming data. Wall Street was narrowly mixed, while Treasury yields were a touch lower. EUR-USD bottomed at 1.1345, later rallying to 1.1380 highs. USD-JPY was range bound, touching 110.70 lows, and 110.89 highs.

Source: XE news feed
XE Market Analysis: Asia – Feb 26, 2019