The USD index carved out a new six-week high, at 96.502, during the opening phase of trading in Asia-Pacific before quickly settling to a narrow-ranged consolidation. EUR-USD concurrently saw a 17-day low at 1.1315. Most market commentaries ascribed the Dollar’s gains as either being safe-haven related, or a winner of a least-ugly contest, with global markets both weary and wary of U.S.-China trade tensions. USD-JPY edged out a two-session high at 110.01, with the Yen trading modestly softer versus most other currencies.
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