Friday, 8 May 2015

XE Market Analysis: North America - May 08, 2015

EUR-USD has been holding steady after earlier declining to a 1.1182 low, which was posted in early London trade. The euro has since settled in the low-to-mid 1.12s. The decline over the last day was pretty big, just over two big figures from the 10-week high that was made at 1.1392. The move had been driven dollar short covering ahead of the April payrolls report today. Elsewhere, USD-JPY has nudged back above 120.00.



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