XE Market Analysis: Asia – Jul 19, 2018

After a relatively quiet morning session, the Dollar took a hit on Trump headlines that came from a CNBC preview of an interview with him that will be released in its entirety tomorrow. In it Trump said that while he values the independence of the Fed, he must say that he’s not pleased with rates going up every time we make some progress on the economy. He doesn’t necessarily agree with raising rates, and is “not thrilled” by higher rates. He also took a direct shot at the weakening yuan and euro, which he said were putting the U.S. at a trade disadvantage.