XE Market Analysis: Asia – May 17, 2019

The dollar moved higher in morning trade in N.Y. on Friday, seeing the DXY touch two-week highs of 98.00, and up from overnight lows of 97.77. The apparent heating up of U.S./China trade rhetoric resulted in some safe-haven flows into the Greenback, while solid consumer sentiment data supported the USD as well. Wall Street recovered some early losses following report the U.S. would delay auto tariffs for at least six months, and the U.S. agreed to remove tariffs in place on Canadian and Mexican steel and aluminum imports.

Source: XE news feed
XE Market Analysis: Asia – May 17, 2019