XE Market Analysis: Asia – May 24, 2019

The Dollar came under pressure again in N.Y. on Friday, taking the DXY to seven-session lows of 97.55, after touching two-year highs of 98.37 on Thursday.Weaker PMI data on Thursday was a major weight on the Dollar then, and a soft durables report Friday did further damage to the Greenback. EUR-USD topped at 1.1212,up from early lows near 1.1180. USD-JPY slipped to 109.28 as Wall Street gave back early gain,though recovered over 109.40 as stocks reclaimed altitude later. USD-CAD fell to 1.3430 from highs of 1.3467, and followed the vagaries of oil prices.