XE Market Analysis: Asia – Apr 27, 2018

Comments are off

The DXY retreated from three-plus month highs of 91.98, pulling back to 91.58 lows on pre-weekend profit taking. The index had put together a string of eight consecutive higher daily highs before Friday’s pullback. The dollar perked up briefly following the slightly better than expected U.S. Q1 GDP outcome, though sellers quickly stepped in. EUR-USD bottomed at 1.2056 before topping at 1.2118, as USD-JPY fell to 108.98 from trend highs of 109.54. USD-CAD pulled back from 1.2900, while beleaguered cable stayed down from its London morning plunge, touching a low of 1.3748.