XE Market Analysis: Asia – Jun 10, 2019

The Dollar chopped around inside of relatively narrow ranges through the N.Y. session on Monday, with the DXY moving between 96.74 and 96.93. Risk-on conditions were back in play following the U.S. dropping its tariff threat on Mexico. Treasury yields rose with Wall Street, though the pricing in of Fed rate cuts kept USD gains contained. EUR-USD dipped briefly under 1.1300 before settling under 1.1320. USD-JPY idled inside a 108.67 and 108.46 trading band. USD-CAD printed 1.3252 lows, later recovering over 1.3270. Cable bottomed at 1.2654 at the open, later bouncing to 1.2697 highs.