XE Market Analysis: Asia – Aug 16, 2019

The dollar headed mostly lower in N.Y. on Friday, dented by a softer consumer sentiment report, and news that Germany will shift to deficit spending should the country enter recession. The latter gave the euro a boost from two-week low of 1.10667, to 1.1106 highs. USD-JPY remained supported by general risk-on conditions, topping at 106.43, after falling to 106.21. USD-CAD idled near its 200-day moving average for mush of the day, later dipping to 1.3275 on pre-weekend position squaring. Cable managed a one week high of 1.2175, following decent U.K. data this week.

Source: XE news feed
XE Market Analysis: Asia – Aug 16, 2019