XE Market Analysis: Asia – Jun 12, 2018

Markets were relatively quiet in the aftermath of the Trump/Kim summit, and ahead of Wednesday’s likely Fed rate hike. The FX market saw the dollar perk up after the London close, taking the DXY to 93.85 highs from lows of 93.49. EUR-USD slipped to 1.1737 from 1.1801 highs, while USD-JPY topped at 110.44, up from 110.16. USD-CAD remained firm, peaking at 1.3020. Cable meanwhile, rallied to 1.3424 highs into the London close on short covering, before falling back into 1.3380.

[EUR, USD]