XE Market Analysis: Asia – Aug 19, 2020

The Dollar managed to stem the bleeding in N.Y. on Wednesday, and rallied modestly through the session. The DXY held above Tuesday’s 27-month low of 92.13, rallying from early lows of 92.24 to 92.75 highs. There was no data to drive markets. Wall Street was modestly higher, and Apple hit a milestone, becoming the first U.S. company to surpass a $2 tln market cap. Treasury yields were fractionally lower. EUR-USD fell from 1.1948 highs to 1.1868, while USD-JPY headed from opening lows of 105.26 to 105.79. USD-CAD was at 1.3134 early in the session, later bouncing to 1.3187.

Source: XE news feed
XE Market Analysis: Asia – Aug 19, 2020