XE Market Analysis: North America – Apr 12, 2018

The dollar found some bids following an early-morning tweet shower from Trump, which, among other things, said that an attack on Syria had not yet been decided and suggested that he doesn’t have any plans to sack special council Mueller. USD-JPY lifting about 15 pips from pre-tweet shower levels, enough for the pair to post a two-day high at 107.15, while EUR-USD ebbed by some 30 pips to the 1.2330-35 area. A big miss in industrial production data provided fresh evidence of economic growth moderation in the Eurozone, putting in some bearish fodder into euro narratives.