XE Market Analysis: Asia – Feb 14, 2018

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Hot U.S. CPI data, and a surge in Treasury yields dod little to help the dollar on N.Y. on Wednesday. While the greenback popped briefly after the data, sellers quicjly stepped in, taking the DXY to eight session lows of 89.07. The U.S. deficit outlook may be behind some of the USD’s struggles this week, with massive shortfalls expected following tax and budget legislation. EUR-USD bottomed at 1.2276 before rallying to a high of 1.2439. USD-JPY printed 15-month lows of 106.73, though later recovered to 107.00 as Wall Street rallied.