XE Market Analysis: Asia – Jun 06, 2018

A narrowed trade deficit and downward revised Q1 productivity report had little impact on the dollar in N.Y. trade on Wednesday, though after a brief mid-morning sip, the DXY rallied from 93.44 to 93.69 highs. Treasury yields provided some support to the dollar, as they were dragged higher by EGB rates, following hawkish ECB speak on the timing of ending QE. EUR-USD topped at 1.1796 before touching lows of 2.2761 into the close. USD-JPY fell from 110.23 highs to a low of 109.90, though later recovered to near 110.20.