XE Market Analysis: Asia – Sep 09, 2019

The Dollar was slightly lower through the U.S. session on Monday, seeing the DXY dip from opening highs of 98.34, to a low of 98.14. There was no incoming data to move the market. EUR-USD rallied from 1.1028 to 1.1068 highs, while USD-JPY fell from 107.18 to 106.93 before bouncing back to 107.15. USD-CAD fell from 1.3168 to 1.3139, before reversing higher over 1.3170. Cable steadied near 1.2350. Looking ahead, U.S. data this week will include CPI and PPI, along with retail sales. The ECB meets on Wednesday, and is expected to cut rates by 10 basis points to -0.50%.

Source: XE news feed
XE Market Analysis: Asia – Sep 09, 2019