XE Market Analysis: Asia – Aug 01, 2019

The Dollar came under some pressure in the morning session in N.Y. on Thursday, weighed down by weaker manufacturing and construction spending data. The Greenback later fell to session lows against all major currencies following Trump’s imposition of 10% tariffs on an additional $300 bln of U.S. imports from China. The driver of the move was Treasury yields, which crashed lower. The 2-year note was down 17 basis points, with the 10-year down 13 bps, to levels last seen in 2016. USD-JPY was on two-week lows of 107.25, down from two-month highs of 109.31 seen overnight.

Source: XE news feed
XE Market Analysis: Asia – Aug 01, 2019