XE Market Analysis: Asia – Feb 27, 2019

The Dollar ticked higher in N.Y. on Wednesday, taking the DXY from trend lows of 95.88 seen into the open, later peaking at 96.19. It appeared some USD buying stepped in on a lack of encouraging U.S.-China trade news, resulting an uptick in safe-haven flows, along with firmer Treasury yields. Incoming U.S. data was mixed, with the advance trade deficit ballooning, factory orders missing the mark, and pending home sales rising sharply. EUR-USD fell from 1.1403 to 1.1363, while USD-JPY topped over 111.00. USD-CAD bottomed at 1.3118, while Cable printed 7-month highs of 1.3350.

Source: XE news feed
XE Market Analysis: Asia – Feb 27, 2019