XE Market Analysis: Asia – Aug 23, 2019

The Dollar Index fell to eight session lows of 97.67 in N.Y. on Friday, coming from 98.42 at the open. USD sellers stepped in after China announced 5-10% tariffs on an additional $75 bln of U.S. goods, and the Greenback was weighed down by a fairly dovish, but non-committal speech from Fed chair Powell. Volatility perked up later when Trump went after China on Twitter, saying “Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA,” Trump said on Twitter.

Source: XE news feed
XE Market Analysis: Asia – Aug 23, 2019