XE Market Analysis: Asia – Jun 19, 2018

The dollar succumbed to a minor round of profit taking after the N.Y. open, taking the DXY from 11-month highs of 95.30, to 95.00 lows. Focus was on trade wars, and following the newest threat to slap more tariffs still on China, Wall Street and yields headed lower. On the data front, new home sales were better than forecast, but had little impact on market. EUR-USD climbed from lows of 1.1533, later topping at 1.1585. USD-JPY managed a modest recovery to 110.10 from 109.71. USD-CAD made near one-year highs as oil prices fell back, and as NAFTA concerns remain front and center.