Tuesday 24 May 2016

XE Market Analysis: North America - May 24, 2016

The dollar firmed up today. EUR-USD has ebbed under Thursday's eight-week low is at 1.1180, affirming the nascent bear trend and making this the third consecutive week that the previous week's low has been breached. USD-JPY rose back above 109.50, although EUR-JPY traded heavily. AUD-USD was the biggest mover, losing nearly 1% following dovish from the RBA governor and making a three-month low at 0.7153. GBP-USD was the exception as sterling was bid following the latest poll to suggest that the campaign to remain in the EU is opening up a bigger lead.



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