XE Market Analysis: Asia – Aug 09, 2019

The Dollar edged lower through the morning session in N.Y. on Friday, weighed down some by a cooler core U.S. PPI print. The DXY fell to 97.36 from early highs of 97.61, before recovering over 97.50 into the close on pre-weekend short covering. Wall Street was lower on ongoing trade concerns, while Treasury yields remained under pressure. EUR-USD was rangebound between 1.1184 and 1.1223, closing about mid-range. USD-JPY fell to new seven-month lows of 105.29, coming from 105.85 at the open, later settling at 105.60.

Source: XE news feed
XE Market Analysis: Asia – Aug 09, 2019