XE Market Analysis: Asia – Jun 25, 2019

The Dollar was fairly steady, though under some pressure in N.Y. morning trade on Tuesday. Softer U.S. consumer confidence and housing data kept stocks and yields down, weighing on USD sentiment. Late, the DXY rallied to intra day highs following comments from Fed chair Powell, topping at 96.23, and up from N.Y. session lows of 95.92. EUR-USD dipped to 1.1351 lows, though had been on its way down after Fed’s Bullard said a 50 basis point July cut would be overdone, while USD-JPY popped to highs of 107.38 from 106.90.

Source: XE news feed
XE Market Analysis: Asia – Jun 25, 2019