XE Market Analysis: Asia – Jul 11, 2019

The Dollar posted modest gains in N.Y. on Thursday, after being beaten lower on Wednesday by Fed chair Powell’s dovish testimony. A warmer than expected U.S. CPI outcome brought USD buyers back into the fray, taking the DXY to 97.14 highs, up from 96.80 lows at the open. Treasury yields firmed up some, while Wall Street was mixed. The DJIA however, traded over the 27,000 mark for the first time ever. EUR-USD eased back from 1.1280 to a low of 1.1245, as USD-JPY peaked at 108.53 from opening lows near 108.05.

Source: XE news feed
XE Market Analysis: Asia – Jul 11, 2019