XE Market Analysis: Asia – Jun 27, 2019

The DXY edged slightly higher through the N.Y. session on Thursday, taking the index to 96.29 highs from opening lows of 96.15. Wall Street bounced some, though Treasury yields remained soft. Incoming data had Q1 GDP unrevised at 3.1%, while jobless claims were a bit higher than expected. U.S./China trade hopes were dashed some as WSJ reported China would have pre-conditions for the talks. This was later shot down by NEC chair Kudlow, who said no pre-conditions existed. EUR-USD slipped from 1.380 early highs to 1.1357, while USD-JPY was range bound between 107.67 and 107.95.