XE Market Analysis: Asia – Jan 31, 2019

The dollar steadied early in the session, after the DXY bottomed at 95.22 overnight, though headed higher from there, largely on short covering interest, and solid U.S. housing data. Wall Street was mostly higher, as the Powell Put remained in focus. EUR-USD fell from near 1.1500 to 1.1435 lows, while USD-JPY bounced from 108.54 to 108.90 highs. USD-CAD bucked the trend to a degree, remaining heavy as oi prices moved to nine month highs. Cable attempted to rally, though was pushed back from 1.3160 to just under 1.3100.

[EUR, USD]