After falling overnight, the DXY rallied through the N.Y. session on Tuesday, topping at 97.12 from lows of 96.39 into the open. There was no data to drive the market, though uncertainty over trade (Trump tweet: “I am Tariff Man”) spooked markets, resulting in safe-haven flows into the Dollar (and Yen). EUR-USD topped at 1.1418 in London, before falling to 1.1319 lows. USD-JPY bottomed at 112.59 from morning highs of 113.02, while USD-CAD peaked at 1.3258. Cable printed near 18-month lows of 1.2660.
[EUR, USD]