Friday 13 May 2016

XE Market Analysis: North America - May 13, 2016

The dollar has traded mostly firmer, outside the case against the yen, which has outperformed. EUR-USD logged a two-week low at 1.1328, and EUR-JPY clocked a four-day low, at 123.06. The lows were set before the unexpected downward revision to Eurozone Q1 GDP data, to 0.5% q/q from 0.6%, though came after final German HICP was confirmed at -0.3% y/y. German Q1 GDP, meanwhile, came in at 0.7% q/q, above the median forecast for 0.6% growth. USD-JPY ebbed back under 109.00 but showed little impetus to move on yesterday's 108.22 low.



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