XE Market Analysis: Asia – Oct 12, 2018

The Dollar index recovered modestly in N.Y. trade on Friday, rallying to 95.37 highs, and up from overnight lows of 94.96. The recovery in global equity markets on Friday supported the Dollar, though it remains to be seen whether or not the gains were just a pre-weekend relief rally. EUR-USD dipped to 1.1565 from 1.1610, while USD-JPY dipped under 112.00 late in the session as Wall Street pared gains. USD-CAD topped near 1.3040 as oil prices faded. Cable meanwhile, stumbled toward 1.3150.

[EUR, USD]