XE Market Analysis: Asia – Jun 14, 2018

The DXY shot up to a near three-week high of 94.77 from 93.21 lows after the ECB announcement, which while naming an end-date for QE, said rates would not be raised until at least the summer of 2019. This saw EUR-USD drop better than 200 points to 1.1591. Strong U.S. retail sales lifted the dollar elswhere, taking USD-JPY to 110.69 highs. USD-CAD rallied to 1.3110 highs on the back of trade concerns, while calbe was draged lower by EUR-USD.

[EUR, USD]