XE Market Analysis: Asia – Jun 13, 2019

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The Dollar gained a little traction in N.Y. on Thursday, with the DXY heading from opening lows of 96.90 to one-week highs of 97.08. The Greenback edged higher despite softer Treasury yields, which were helped lower by soggy import price data. We have seen gradual USD short covering in place this week, ahead of the FOMC next week, and after fairly sharp losses seen since the beginning if June. EUR-USD printed 1.1269 lows, down from over 1.1295, as USD-JPY was largely range bound, falling under 108.35 late in the session.