XE Market Analysis: Asia – Mar 19, 2019

The Dollar was range bound in N.Y. trade on Tuesday, as market participants largely sat on the sidelines ahead of Wednesday’ FOMC announcement. The USD had been under some pressure over the past few sessions, as traders priced in a dovish leaning announcement from the Fed. Risk could be skewed to the upside for the Greenback, should the FOMC come across more hawkishly than anticipated. EUR-USD chopped around inside a 1.1361 to 1.1340 bank, while USD-JPY was stuck inside of a 111.47 to 111.25 range. USD-CAD bottomed at 1.3250 early, then bounced to 1.3318 highs as oil prices faded lower.