XE Market Analysis: Asia – May 29, 2018

The DXY pulled back from its nearly seven-month high of 95.01 in N.Y. trade on Tuesday, easing into 94.65 lows before reclaiming the 94.80 level. Incoming U.S. data was dollar-neutral overall, and softness was attributed to a round of profit taking. EUR-USD recovered from opening lows of 1.1535, topping at 1.1389 at mid-morning. USD-JPY meanwhile, peaked at 109.10 before falling to 108.53 lows as Wall Street slid lower. USD-CAD pulld back from trend highs of 1.3047 seen at the open, later bottoming at 1.2995. Cable found support over 1.3230.

[EUR, USD]