The dollar started out on a softer footing in N.Y. trade on Friday, though managed to recover some ground following better U.S. existing home sales data. With the Fed watching the data to make its rate hike determination at the June meeting, the FX market can be expected to become sensitized to incoming figures, and we look for more exaggerated reaction to the data going forward. Meanwhile, Wall Street surged as yields perked up some. EUR-USD topped at 1.1237 ahead of the housing numbers, before fading to 1.1205 lows.
from RSS Feed http://ift.tt/1U48RvP
via IFTTT
No comments:
Post a Comment