XE Market Analysis: Asia – Apr 26, 2018

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The DXY shot up to three-plus month highs of 91.61 highs in N.Y. on Thursday, as euro weakness was the major driver following an ECB press conference which was decidedly more cautious on the growth outlook than the policy statement suggested. EUR-USD fell from 1.2180 t o1.2198 lows. Incoming U.S. data was supportive of the dollar overall, as claims, durables and the advance trade deficit all beat estimates. USD-JPY was unable to take out Wednesdy’s trend hig, though remained on the 109 handle. USD-CAD turned sideway following sharp gains seen over the past week.