Thursday, 20 August 2015

XE Market Analysis: Asia - Aug 20, 2015

The dollar was crushed in N.Y. trade on Thursday, as fallout from Wednesday's dovish FOMC minutes weighed. Incoming data was better than expected on balance, as existing home sales rose, along with the Philly Fed index. Jobless claims were a bit higher than expected, while leading indicators missed the mark, though the greenback got no breaks through the session. EUR-USD based at 1.1152 after the housing data, before making its way to nearly two-month highs of 1.1220. USD-JPY meanwhile, fell under 123.40 from highs of 124.12 into the open.



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