XE Market Analysis: Asia – Jan 11, 2019

The dollar rallied broadly in N.Y. on Friday, despite the benign CPI print. This saw EUR-USD fall to intra day lows of 1.1458 from 1.1535 early, and USD-JPY to 108.60 from 108.15. Talk of Turkish troop movement near the Syria border has been making the rounds, which could have prompted some safe-haven flow into the USD. London names have reportedly been selling EUR-USD on pre-weekend profit taking, after the pairing failed to advance beyond Thursday’s near three-month high of 1.1571.[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – Jan 11, 2019