XE Market Analysis: Asia – Mar 19, 2018

Stock markets on both sides of the Atlantic took a beating on Monday. Reports that Facebook users’ data was used by a political advertising firm weighed heavily on the tech sector, taking FB stock down as much as 8%. Yields were lower on the risk-off backdrop, and the dollar fell broadly as well. The DXY gave back most of the gains it won late last week, bottoming at 89.80 and closing under both its 20- and 50-day moving averages. EUR-USD topped at 1.2351, after opening at 1.2276. USD-JPY bottomed at 105.78, while USD-CAD slipped to 1.3047, then briefly reclaimed the 1.31 handle.