Tuesday 19 May 2015

XE Market Analysis: Asia - May 19, 2015

The dollar rallied again in N.Y. on Tuesday, as much stronger housing data got the ball rolling. EUR-USD has been on the back foot into the open, as the ECB said it would front load QE over the next two months. USD-JPY meanwhile, finally broke the 120.00 level, and ground its way through standing offers, to peak at 120.72, a two-week high. USD-CAD moved up on weaker oil prices, as WTI crude traded down over 3$ under $59.00. Cable slipped to lows under 1.5450 after the U.S. data, before turning to settle on either side of 1.5500.



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