XE Market Analysis: Asia – Feb 22, 2019

The Dollar headed lower on Friday in N.Y., driven largely by hopes for progress on U.S. trade talks. Trump said the deal with China is more likely happening that not happening, according to headlines on Bloomberg. The president said he could extend the trade truce a month or so with progress. China’s top trade negotiator Lui said a deal is likely. EUR-USD rallied to 1.1357 from 1.1317. USD-JPY fell despite the rally on Wall Street, bottoming at 110.58 before finding support on the late trade news. USD-CAD fell to 1.3134 two-week lows, while cable bounced to 1.1380.