XE Market Analysis: Asia – May 22, 2020

The Dollar rallied through the overnight session, as safe-haven flows headed to the USD following China’s likely legislation to crack down on Hong Kong’s autonomy. In N.Y. trade, the Greenback retained its bid, though narrow ranges prevailed with the major pairings, and activity slowed into the Long Memorial Day weekend. There were no incoming US. data on Friday, though Wall Street and Treasury yields were modestly lower. EUR-USD ranged between 1.0915 and 1.0885, while USD-JPY meandered inside of 107.50 and 107.65. USD-CAD topped at 1.405, after opening near 1.4000.

Source: XE news feed
XE Market Analysis: Asia – May 22, 2020