XE Market Analysis: Asia – Dec 11, 2018

The Dollar moved higher in N.Y. on Tuesday, aided early on by warmer core U.S. PPI data. The Dollar index posted two-week highs of 97.53 before steadying. Wall Street kept a bid in the dollar, as choppy conditions there provided some safe-haven USD flows. EUR-USD fell from highs of 1.1400 into the open, bottoming at 1.1307 after the London close. USD-JPY topped at 113.47, though remained near one-week highs. USD-CAD reclaimed the 1.34 handle, peaking at 1.3424 as oil prices came off their highs. Cable meanwhile, printed trend lows under 1.2500.

[EUR, USD]