XE Market Analysis: Asia – Apr 17, 2019

The Greenback rose modestly during the N.Y. session on Thursday, resulting in the DXY advancing to 97.04 from 96.89 lows. The February trade deficit was narrower than expected, and provided some support to the USD. The Dollar largely ignored the Fed’s Beige book, which revealed little concerning the economic outlook, and overall remains near session highs against the Euro and Yen. EUR-USD remained just under the 1.1300 mark, down from earlier highs of 1.1313 into the open, while USD-JPY traded at 112.05, up from earlier lows of 111.93.