XE Market Analysis: Asia – Jul 30, 2019

The Dollar advanced slightly through the N.Y. morning session on Tuesday, taking its cue from better U.S. personal earnings, consumption and confidence data. The Greenback eased back slightly after the London close, with position squaring interest noted ahead of Wednesday’s FOMC announcement. A 25 basis point cut is widely expected, though with the Fed likely not to be as dovish tilting as the market wants, we see upside risk for the Dollar. EUR-USD moved between opening highs of 1.1159, later touching 1.1154 lows. USD-JPY meanwhile, climbed from 108.45 to 108.70 highs.

Source: XE news feed
XE Market Analysis: Asia – Jul 30, 2019