XE Market Analysis: Asia – Jul 26, 2019

The Dollar advanced in N.Y. trade on Friday, buoyed by a slightly better preliminary read on Q2 GDP. Word from White House adviser Kudlow, that the U.S. would not intervene to weaken the USD likely helped the unit higher. Trump has been concerned that trading partners may be manipulating their currencies to gain trade advantages. Wall Street headed higher, led by tech issues following stellar earnings from Alphabet, while Treasury yields were little changed. EUR-US dipped to 1.1112 low from near 1.1245, while USD-JPY printed two-plus week highs of 108.82.

Source: XE news feed
XE Market Analysis: Asia – Jul 26, 2019