XE Market Analysis: Asia – Aug 13, 2019

The Dollar firmed up early in the session, supported by a warmer than expected U.S. CPI report. Wall Street and Treasury yields started lower however, with the 30-year bond printing all-time low yields of 2.095%. The Dollar, equities, and yields were subsequently jolted higher by news that the U.S. would re-start trade negotiations with China, and would push back implementation of new tariffs from September 1 to December 15. Risk-sensitive USD-JPY shot up to 106.97 from near 105.10 at the open, while EUR-USD fell from pre-CPI highs of 1.1228 to 1.1170.

Source: XE news feed
XE Market Analysis: Asia – Aug 13, 2019