XE Market Analysis: Asia – Aug 12, 2019

The Dollar faded lower through the N.Y. session, though ranged remained narrow. The DXY opened at highs of 97.55, later making its way to 97.33 lows. There was no data to drive the market on Monday, though the trade war, Hong Kong protests, Italian government crisis, Brexit, etc, saw Treasury yields and Wall Street slide. EUR-USD opened at the lows of 1.1186, later peaking at 1.1230. USD-JPY meanwhile, hit new seven-month lows of 105.05 as risk-off conditions dominated. USD-CAD maintained a narrow trading band, rallying to 1.3244 from lows of 1.3213 early on.

Source: XE news feed
XE Market Analysis: Asia – Aug 12, 2019