XE Market Analysis: Asia – Mar 16, 2018

The dollar bounced into the weekend, taking the DXY to highs of 90.38, levels last seen on March 1. U.S. data was supportive, as U. of Michigan sentiment came in stronger, along with better industrial production figures. EUR-USD dipped to two-week lows of 1.2260 from 1.2330 highs, while USD-JPY recovered to 106.23 highs from 105.60. USD-CAD sold off to 1.3065 lows early, bebore printing new trend highs of 1.3098. Cable was heavy through the morning session, bottoming at 1.3890 before recovering over 1.3900.

[EUR, USD]