XE Market Analysis: Asia – Mar 12, 2019

The Dollar index headed higher into the N.Y. open, though quickly lost ground after the N.Y. open. The DXY peaked at 97.28 early, later falling to 96.92 lows. A slightly cool U.S. CPI report weighed on the Dollar, while upbeat USTR comments on U.S.-China trade talks removed some of the USD safe-haven bid as well. EUR-USD rallied from 1.1250 lows to top at 1.1295. USD-JPY meanwhile took a look at the 111.00 mark, later bouncing to 111.40. USD-CAD fell from 1.3417 to 1.3370 as WTI crude printed one-week highs. Cable remained highly volatile ahead of this evening’s U.K.