XE Market Analysis: Asia – May 09, 2018

The dollar came off the boil on Wednesday, taking the DXY to lows of 92.84 early in the N.Y. session, down from overnight trend highs of 93.42. The greenback perked up some later in the session, seeing the dollar index recover to 93.15. Softer U.S. core PPI weighed on the USD initially, though buyers quickly returned. EUR-USD peaked at 1.1897 before slipping back to 1.1841 lows, while USD-JPY rattled around inside of 109.57 to 109.84. USD-CAD bottomed at 1.2826, from session highs of 1.2900, while cable recovered briefly over 1.3600.

[EUR, USD]