XE Market Analysis: Asia – Aug 07, 2018

Comments are off

The Dollar was on a softer footing early in the N.Y. session on Tuesday, though managed a modest recovery through the morning session. The DXY bottomed at 95.00 early, before recovering to 95.18 highs in relatively light dealings. There was no top tier data to drive the FX market. EUR-USD peaked at 1.1608, then pulled back to a low of 1.1586 at mid-morning. USD-JPY based at 111.00 before climbing to 111.27 into the London close. USD-CAD fell to 129.63 ahead of the open, though later recovered to 1.3043 highs as oil prices headed lower.