XE Market Analysis: Asia – Aug 20, 2019

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The Dollar was broadly lower in N.Y. trade on Tuesday, taking the DXY from 98.45 highs in early trade, to 98.13 lows into the close. Another dive in Treasury yields weighed on the Greenback, with market participants placing bets on a dovish set of FOMC minutes on Wednesday, and a just as dovish speech from Fed chair Powell at the Jackson Hole symposium on Friday. Wall Street was lower on the back of lower yields, as the fear factor set in. EUR-USD rallied from 1.1066 to 1.1107, while USD-JPY topped at 106.46, before falling back to 106.25.