XE Market Analysis: Asia – Apr 13, 2018

The DXY advanced modestly ahead of the N.Y. open on Friday, though spent much of the remainder of the session sideways to slightly lower. The index topped at 89.88, before falling off to 88.72 in light afternoon trade. A softer U. of Michigan sentiment outcome weighed some on the dollar, though activity overall was thin. EUR-USD bottomed at 1.2307 before peaking at 1.2344, while USD-JPY gave back early gains to 107.78, dropping to 107.38, as risk taking levels slipped. USD-CAD reclaimed the 1.26 handle on reports that a NAFTA deal is not a certainty.