XE Market Analysis: Asia – Nov 08, 2019

The DXY printed near four-week highs of 98.40 in N.Y. trade on Friday. There was little reaction to slightly softer than expected consumer sentiment numbers, and weaker wholesale data. The Dollar made gains against most major currencies, with the Yen the exception, which rallied modestly on a downturn in risk taking levels that were seen throughout much of this past week. USD-JPY slipped to 109.08 after Trump said he had not decided whether or not to roll back China tariffs. EUR-USD touched trend lows of 1.1017, down from early highs of 1.1038.

Source: XE news feed
XE Market Analysis: Asia – Nov 08, 2019