Solid U.S. new home sales data lifted June Fed rate hike expectations, and the dollar with them. EUR-USD fell to two-month lows of 1.1140, as USD-JPY reclaimed the 110.00 handle. USD-CAD fell briefly under 1.3100 as WTI crude headed up toward $49/bbl before fading some. Cable found support just under 1.4600, before recovering to near 1.4640. Incoming U.S. data this week, and upcoming Fedspeak, including Fed chair Yellen's speech on Friday will go quite some way in solidifying whether the Fed hikes rates in June, or July, and determining whether or not the dollar continues to rise.
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