XE Market Analysis: Asia – Feb 21, 2018

The dollar edged higher through the morning session in N.Y. on Wednesday, taking the DXY to six-session highs of 89.99. The greenback later moved lower on the FOMC minutes, as the Fed said a gradual approach to tightening remained appropriate, and as it sees few signs of broad wage growth increases (which got markets in a tizzy following the strong earnings outcome in the last jobs report). EUR-USD rallied to session highs of 1.2359 from 1.2315, as USD-JPY fell to 107.30 from 107.75.

[EUR, USD]