XE Market Analysis: Asia – Apr 10, 2018

The dollar index fell early on, led by EUR-USD’s rally, bottoming at 89.55, a two-week low, before later recovering to 89.80. Warmer PPI data supported the buck to a degree, following its early decline. EUR-USD ranged between 1.2379 and 1.2325, settling into 1.2350 at the close. USD-JPY meanwhile, topped at 107.40, finding support from the risk-on backdrop, as Wall Street rallied sharply. USD-CAD fell through its 200-day moving average, bottoming at 1.2688 as oil prices surged, and Canada housing starts were better than expected. Cable found support under 1.4150.