XE Market Analysis: Asia – Jun 28, 2019

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The Dollar managed modest gains in N.Y. on Friday, though for the most part, remained inside of recent trading ranges. The DXY headed to 96.30 highs, up from morning lows of 96.03. Incoming U.S. data was mixed, with income and spending data firmer, while the Chicago PMI slipped under the 50.0 boom/bust line for the first time since January of 2017. Markets were modestly optimistic over this weekend’s Trump/Xi meeting in Japan, leaving Wall Street up on the day, and yields little changed. Depending on the outcome of the trade talks, there is scope for significant market moves next week.