XE Market Analysis: Asia – Sep 21, 2018

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The Dollar index printed two-plus month lows of 93.82 into the N.Y. open on Friday, though managed a recovery to 94.32 through the morning session. Pre-weekend short covering was cited behind the move. The only data were weaker PMIs, though they had little impact on the FX market. EUR-USD faded from 1.1803 lows in London, to bottom at 1.1735 in afternoon trade. USD-JPY eased from 112.78 to 112.51 as Wall Street wobbled, while USD-CAD recovered from 1.2887 lows seen following warmer core CPI data.Cable remained weak after falling in London on fresh Brexit concerns, bottoming at 1.3056.