XE Market Analysis: Asia – May 06, 2019

The Dollar attempted to rally early in the session, though later headed to intra day lows. The DXY fell from 97.70 to 97.47. Trade was nervous in light of the new U.S. tariff threat on China imports, seeing Treasury yields fall along with Wall Street. EUR-USD rallied over 1.1205 from 1.1280 early lows. USD-JPY moved up to 110.95 as Wall Street cut some of its losses, though later settled into the 110.75-85 region. USD-CAD fell to 1.3440 from over 1.3490, as oil prices recovered. Cable rallied slightly to 1.3105 from 1.3081.

[EUR, USD]