The dollar rallied broadly in N.Y. on Friday, as much stronger U.S. retail sales and U. of Michigan sentiment shifted thinking on the potential for a June Fed rate hike. Wall Street did not fare as well, losing ground as Fed concerns weighed on sentiment, while short yields rallied higher. EUR-USD fell to 1.1310 from 1.1350 after the early data, then printed session lows of 1.1285 in the aftermath of the 10:00 EDT data round. USD-JPY rallied to May highs of 109.55, aided by higher U.S. yields.
from RSS Feed http://ift.tt/1Tb1Z0T
via IFTTT
No comments:
Post a Comment