XE Market Analysis: Asia – Jun 05, 2018

The dollar firmed early in the N.Y. session, helped by a stronger services ISM. The DXY made its way to 94.31 highs before later heading to 93.79 lows. EUR-USD popped following reports that the ECB may announce its end date for its QE program at the next policy meeting. This saw the pairing ramp up to 1.1732, from early lows of 1.1653. USD-JPY pulled back from 109.90 touching 109.47 lows. USD-CAD topped at two-plus month highs of 1.3067 on NAFTA uncertainties, though later fell back to 1.2967, as oil prices moved higher. Cable was dragged higher by EUR-USD, topping at 1.3409.