Monday, 1 June 2015

XE Market Analysis: Asia - Jun 01, 2015

A series of stronger U.S. data got the dollar fired up in N.Y. on Monday, as personal income, manufacturing ISM, and construction spending numbers all beat street expectations. EUR-USD had been trending higher into the N.Y. open, though the pairing topped out at 1.0979, before sliding to 1.0888 lows. Mixed messages on Greece, have kept the market jumpy, and more of the same can be expected near term. USD-JPY meanwhile shot up to new multi-year highs over 124.90, stalling as talk of 125 barrier options emerged.



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