XE Market Analysis: Asia – Jul 24, 2019

The Dollar was range bound in N.Y. trade on Wednesday, leaving the DXY inside of a 97.56 to 97.68 trading band. Incoming U.S. data saw mixed flash manufacturing and services PMI , and softer new home sales, though neither had much lasting impact on the USD. Wall Street and Treasury yields were lower, with earnings misses from Boeing and Caterpillar weighing on the Dow. EUR-USD fell back to 1.1134 from 1.1155, while USD-JPY moved to 108.19 highs from 107.94. USD-CAD headed to session highs of 1.3148 from early lows of 1.3119, while cable rallied on short covering, topping at 1.2522.

Source: XE news feed
XE Market Analysis: Asia – Jul 24, 2019