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XE Market Analysis: Asia - Aug 29, 2018

By XE Market Analysis

· Currency

By XE Market Analysis

The Dollar index eased in early N.Y. trade on Wednesday, bottoming at 94.59 after opening near 94.90, then largely turning sideways. Yields moved a bit higher after an upwardly revised Q2 U.S. GDP report, while stocks put in an other record top. EUR-USD peaked at 1.1708, under Wednesday's peak, while USD-JPY ran up to 111.83 highs on improved risk levels. USD-CAD was pushed to 1.2913 lows as the odds for a successful U.S./Canada trade pact improved. Cable shot over 1.3000 after EU negotiator Barnier said the bloc was prepared to offer a partnership with Britain.

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