Tuesday 31 May 2016

XE Market Analysis: Asia - May 31, 2016

Aside from USD-JPY, the dollar was mostly firmer in N.Y. trade on Tuesday. The session started with in-line earnings, and better than expected consumption data, which helped sentiment initially. Softer consumer confidence and Chicago PMI numbers however, turned the tide on Wall Street sending stocks mostly lower. EUR-USD topped at 1.1173 following the weaker data, though made its way to 1.1125 into the London close. USD-JPY didn't like the downturn in risk taking, and slipped to 110.61 lows from highs of 111.25.



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