XE Market Analysis: Asia – May 15, 2019

The Dollar was mixed in early N.Y. trade, seeing EUR-USD down at 1.1182 lows from London morning highs of 1.1217. News that the U.S. would delay imposing auto tariffs for 6-months saw that pairing rally back to 1.1224. USD-JPY was heavy, bottoming at 109.15, though later getting a lift from the rebound on Wall Street. USD-CAD headed lower as oil prices rose, falling to 1.3428. Brexit concerns saw Cable fall to three-month lows of 1.2826.Incoming U.S. data was mostly softer, with retail sales and industrial production missing the mark. The Empire State index was stronger than expected.