Friday, 5 June 2015

XE Market Analysis: North America - Jun 05, 2015

The dollar traded mixed in the run-in to the May U.S. payrolls report, falling against the euro but rising versus the yen and sterling. EUR-USD lifted to a peak of 1.1280, up from the two-day low that was seen during Asian trade at 1.1179. The euro was underpinned after German manufacturing orders data came in much stronger than expected at +1.4% m/m in April, helping lift Bund yields toward 0.90% at the 10-year maturity. The Bundesbank also raised its growth outlook for Germany. The yen came under pressure against both the dollar and euro.



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