XE Market Analysis: Asia – Feb 07, 2019

The Dollar lost ground in N.Y. on Thursday, taking the DXY from two-week highs of 96.67, to lows of 96.39 into the London close. Lowered growth expectations in Europe and the U.K. lifted the Greenback into the open, though sagging yields and equities on the back of trade concerns later weighed. NEC director Kudlow said there was a long way to go on China trade negotiations. EUR-USD bounced from two-week lows of 1.1329, topping at 1.1360, while USD-JPY was rangebound between 109.61 and 109.86.