XE Market Analysis: Asia – Aug 14, 2019

The Dollar was mostly firmer in N.Y. on Wednesday, with severe risk off conditions helping the USD and JPY. Wall Street melted down as the 2-10 year Treasury curve inverted for the first time since 2006, indicating heightened risk for a recession at some point in 2020. In addition, the 30-year bond yields fell to its lowest level ever, printing 2.018%. Fir data, import prices were a bit lower than expected, though had little impact on the FX market. Safe-haven flows via EUR-USD saw that pairing fall to eight session-lows of 1.1136, down from early highs of 1.1190.

Source: XE news feed
XE Market Analysis: Asia – Aug 14, 2019