XE Market Analysis: Asia – Dec 20, 2018

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The Dollar rallied some in early N.Y. trade on Thursday, largely as short covering stepped in following the DXY’s move to one-month lows in Europe. U.S. government shutdown jitters, and another Wall Street swell-off later saw the Greenback retrace lower. Trump said he would not sign the latest continuing resolution, which would fund many government departments through early February. As it stands at the time of this writing, the shutdown looms at midnight on Friday. EUR-USD bottomed at 1.1403 before bouncing to near 1.1475.