Analysts at TD Securities offered their outlook for Asia and beyond while wrapping up the key events from overnight and which remain in focus. Key Quotes: “President Trump undermined a broad dollar rally when he commented on Fed policy in an afternoon interview, stating he was “not happy” with continued rate hikes, spurring questions on central bank independence. Treasuries saw a muted reaction to Trump, with a 2-3 bps rally across the curve while Canadian rates underperformed in the front-end. The USD proved more sensitive to the President’s comments, with JPY (+0.4%) rallying 0.7% immediately after the headlines before unwinding some of the move. USD/CAD (+0.7%) ground higher over the session, leaving the pair at a three-week high while Cable (-0.4%) traded below 1.30 for the first time since 2017 before recovering. Brexit developments and top-tier Canadian data are the main market risks for Friday. What we’re watching in markets “We’ve reached our year-end USD/CNY target early, and have thus revised our view for further CNY weakness. “We continue to see the CNY REER as the operative lever through which China can ease monetary conditions against domestic deceleration, in the presence of low/stable inflation, an unwillingness to ease rates, and regulatory tightening. We now target 7.10 in USDCNY by year-end.” “FX markets were rattled by Trump’s comments that he prefers a weaker USD and lower interest rate policy. That said, substitutes to the USD are not as attractive at this time given that it still holds a considerable carry advantage. As such, the moves in EUR & JPY are likely to be short-lived. We remain bearish on the dollar bloc currencies given the fractured trade backdrop and weakness in Asia FX. Firm data in Canada leave us inclined to buy USD/CAD dips near 1.3225.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Market wrap: whipsawed dollar unchanged on the day – Westbank FX Street 5 years Analysts at TD Securities offered their outlook for Asia and beyond while wrapping up the key events from overnight and which remain in focus. Key Quotes: "President Trump undermined a broad dollar rally when he commented on Fed policy in an afternoon interview, stating he was "not happy" with continued rate hikes, spurring questions on central bank independence. Treasuries saw a muted reaction to Trump, with a 2-3 bps rally across the curve while Canadian rates underperformed in the front-end. The USD proved more sensitive to the President's comments, with JPY (+0.4%) rallying 0.7% immediately after the headlines before… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.