Tuesday 26 May 2015

XE Market Analysis: Asia - May 26, 2015

U.S. traders came back from the Memorial Day holiday to find the dollar broadly higher, and it was higher still when the session came to an end. Incoming U.S. data was mostly better than expected, which brought Fed Yellen's Friday comments, on the possibility of raising rates at some point this year, back to center stage, lifting the Greenback's fortunes. EUR-USD traded under 1.0870 after peaking near 1.0935 into the open, while USD-JPY made eight-year highs 0ver 123.30.



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