XE Market Analysis: Asia – Jan 25, 2019

The Dollar came under broad pressure in N.Y. on Friday, seeing the DXY dive under the 96.00 mark to better than one-week lows. The Greenback lost ground to all the major currencies, with sellers stepping in in earnest at the N.Y. open. Drivers behind the move likely included the lack of progress on re-opening the government, a WSJ report that the Fed is mulling an early end to balance sheet reduction, and the reversal of safe-haven flows into the USD, as risk-on conditions returned.