XE Market Analysis: Asia – Apr 09, 2019

The Dollar index fell to near two-week lows of 96.86 early in the N.Y. session on Tuesday, later recovering some ground, taking the DXY to 97.04 highs. Fresh trade fears, following Trump threats to tariff European goods brought safe-haven Dollar buying to bear, lifting the unit from its lows. EUR-USD topped over 1.1280, later falling under 1.1265. USD-JPY bottomed at 110.98 on a weak Wall Street, though managed a recovery to 111.15 into the London close. USD-CAD topped near 1.3330 as oil prices moved off their best levels, while Cable faded to 1.3030 on ongoing Brexit concerns.