XE Market Analysis: Asia – Aug 02, 2019

The Dollar ended lower in N.Y. on Friday, rallying briefly following a decent July jobs report, later heading lower on end-of-week position squaring. Trade, factory, and confidence figures were mediocre. Yields and Wall Street headed lower again on ongoing U.S./China trade concerns. EUR-USD recovered from the two-plus year lows of 1.1027 lows seen Thursday, peaking on Friday at 1.1116. USD-JPY slid to levels last seen in January, bottoming at 106.51. USD-CAD initially rallied after the early data, seeing a high of 1.3265, then later stumbled to 1.3200 lows as oil prices bounced.

Source: XE news feed
XE Market Analysis: Asia – Aug 02, 2019