XE Market Analysis: Asia – May 25, 2018

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The dollar firmed up into the long U.S. weekend, with the narrow trade-weighted USD index (DXY) up by 0.5% heading into the London fix. The index logged a six-month peak at 94.25, which is the summit of a six-week run higher. EUR-USD posted a six-month low at 1.1646, and the dollar has seen new trend highs versus other currencies, although is near net flat in the case of the yen. Both the dollar and yen are operating as safe haven currencies, providing shelter from political angst in Europe and heightening geopolitical concerns.