XE Market Analysis: Asia – Apr 23, 2019

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The Dollar was higher in N.Y. on Tuesday, taking the DXY to a 22-month top of 97.78. Incoming U.S. data was mixed, though the firmer new home sales print helped the Greenback overall. Risk-on conditions following better U.S. earnings reports also supported, and took the S&P 500 above all-time closing highs. EUR-USD fell to 1.1193 from near 1.1150, though USD-JPY remained range bound between 112.03 and 111.76. USD-CAD rallied to near one-month highs of 1.3437 ahead of Wednesday’s BoC meeting, despite trend high oil prices.