XE Market Analysis: Asia – Aug 28, 2015

The dollar was mostly higher versus major currencies in N.Y. trade on Friday, though generally, price action was much calmer than seen through the rest of the week, where volatility reigned. In-line income and consumption data helped the greenback marginally, and the unit drifted higher though the morning, before settling a bit lower into the London close. Later, the dollar rallied back after Fed VC Fischer said the case for a September rate hike was “pretty strong”, though he did say it was too soon to say what would happen at the next FOMC meeting.

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