XE Market Analysis: Asia – Aug 07, 2019

The Dollar slipped in N.Y. morning trade on Wednesday, taking the DXY from 97.67 to 97.33, before recovering to 97.58. There was no data to drive prices, though price action was choppy, as overnight rate cuts surprised, and as trade turmoil remains. Wall Street slid sharply at the open, though managed to recover most losses into the close. Treasury yields fell sharply as well, with the 10-year rate trading briefly under 1.60%. EUR-USD headed to 1.1242 highs, coming from pre-open lows of 1.1193. USD-JPY made a new seven month low of 105.50, then bouncing with stocks to 106.20.

Source: XE news feed
XE Market Analysis: Asia – Aug 07, 2019