XE Market Analysis: Asia – Sep 05, 2018

The DXY fell in morning trade in N.Y. on Wednesday, led by Sterling gains, which came following a Bloomberg report that Germany has agreed to drop key Brexit demands, perhaps paving the way to a deal. Germany was apparently set to accept a less detailed agreement. Later, a German government spokesperson played down the report. The Dollar index bottomed at 95.09 coming from 95.52 at the open. Cable spiked up to 1.2983 after bottoming at 1.2786 in London. EUR-USD traded between 1.1572 and 1.1636.