XE Market Analysis: Asia – Jul 30, 2018

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The Dollar index faded lower through the N.Y. session on Monday, bottoming at 94.26 after opening near 94.55. Firmer pending homes sales and a lower but better than expected Dallas Fed index had negligible impact on the FX market. Yields were steady, while stocks were lower, with tech again under performing. EUR-USD opened near 1.1680 before making its way to 1.1719 highs, while USD-JPY ran into sellers from 111.00 ahead of tonight’s BoJ announcement. USD-CAD printed new 6-week lows of 1.2995 on NAFTA hopes, and firmer oil prices.