XE Market Analysis: Asia – Mar 05, 2018

The dollar lost ground through the morning session in N.Y. trade on Monday, though later pared losses as stocks recovered. The DXY bottomed at 89.88, after opening at around 90.15, later recovering to just over 90.00. EUR-USD bottomed at 1.2283 into the open, and later topped at 1.2350, before settling near 1.2325. USD-JPY found its footing from 105.60 lows, topping at 106.23 as stocks turned early losses into solid gains. USD-CAD spiked to eight month highs just under 1.2900 on ongoing trade anxiety, while cable recovered to 1.3878 highs on reports of Brexit progress.