XE Market Analysis: Asia – Mar 04, 2019

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The Dollar was mostly higher in N.Y. on Monday, though Wall Street was hammered lower following a weak construction spending print, though most likely the result of U.S. threats to jack up China tariffs if a trade agreement is not finalized. The lack of detail on an agreement has made markets nervous once again. Safe-haven flows lifted the USD, which saw the DXY rally to two-week highs of 96.92 from opening lows of 96.57. EUR-USD printed 1.13009 lows, while USD-JPY failed to break the 112 mark, later falling to 111.64 as Wall Street stumbled. USD-CAD peaked at 1.3337 on softer oil prices.