XE Market Analysis: Asia – Jan 16, 2019

The Dollar was rangebound in N.Y. trade on Wednesday, seeing the DXY navigate a narrow 96.13 to 95.98 band. The Greenback faded some in early trade, though later steadied. For data, November trade prices fell less than expected, while the NAHB housing market index came in better than expected. Neither had much impact on the USD. Wall Street gained on solid Bank earnings, while yields were largely steady. EUR-USD rallied from near 1.1390 to 1.1412 highs, while USD-JPY touched 109.00 before pulling back.