EUR-USD fell to a new low for the fifth time out of the last six trading days. The move reflects both a degree of euro underperformance and dollar outperformance, the latter notably perkier in the wake of an unexpected rise in U.S. April core CPI, with Fed chair Yellen subsequently saying that a rate hike "this year" would be appropriate if the economy continues to improve. Elsewhere, EUR-CHF is back below 1.0400 level. USD-JPY extended above Friday's high, making a peak of 121.78 and bringing the Mar-10 cycle peak at 122.03 into scope.
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