XE Market Analysis: Asia – Aug 14, 2020

Comments are off

The Dollar lost modest ground in N.Y. trade on Friday. though trading ranges were narrow overall. Incoming data was largely strong, though traders generally overlooked the better than expected retail sales data, and a decent production report that helped confirm the Q3 recovery scenario. Wall Street traded on either side of flat to end the week, while Treasury yields were narrowly mixed as well. EUR-USD opened at lows of 1.1807, spending the morning rallying to a 1.1851 top. USD-JPY started at near 106.70, later bottoming at 106.43, then bouncing over 106.60 into the close.