XE Market Analysis: Asia – Jan 03, 2019

The Dollar bounced in N.Y. trade on Thursday following the firmer ADP jobs report, though later fell sharply as the U.S. manufacturing ISM came in much weaker than forecast. The data added another layer of market worry to global growth slowing, while saw the market price out pretty much all 2019 Fed tightenings. The DXY fell from highs of 96.73 after the jobs report, then sliding to 96.21 after the ISM. EUR-USD topped at 1.1411 after basing at 1.1338, while USD-JPY slid to 107.11 from early highs of 108.00, before later topping at 108.30.