The DXY surged to 2018 highs in N.Y. trade on Tuesday, with the dollar taking its cue from decent incoming U.S. data in the form of retail sales and Empire State index, and the resultant pop in Treasury yields to multi-year highs. The higher yields spooked Wall Street, which was sharply lower. EUR-USD fell to trend lows of 1.1820 before bouncing, while USD-JPY topped at 110.38, also trend highs, despite the risk-off backdrop. USD-CAD headed up to one-week highs of 1.2925 as WTI crude oil shed $1.50/bbl. Cable recovered some from 2018 lows of 1.3451.
[EUR, USD]