XE Market Analysis: Asia – Mar 26, 2018

The DXY fell to levels last seen on February 19, dropping to 89.02, after opening at 89.32. Despite a Wall Street raly, as trade tensions eased, and higher Treasury yields,. the dollar got no support. Bigger picture, trade issues will most likely remain, and the U.S. fiscal position is seen deteriorating further. As a result, the greenback is expected to stay down. EUR-USD moved up yo five-week highs of 1.2460, as USD-JPY bottomed at 104.91, before tentatively reclaiming the 105 handle.