XE Market Analysis: Asia – Jan 25, 2018

The dollar was smacked down again in N.Y. morning trade on Thursday, taking the DXY to trend lows of 88.45. An upbeat ECB press conference lifted EUR-USD to multi-year highs of 1.2537, while USD-JPY touched 108.50. USD-CAD touched four month lows of 1.2283, while cable hit 19-month highs of 1.4345. Part of the morning’s losses came undone later in the session as Trump said the dollar is going to get stronger and stronger, and ultimately I want to see a strong dollar, according to transcripts of his CNBC interview.