Wednesday, 5 August 2015

XE Market Analysis: North America - Aug 05, 2015

The dollar extended yesterday's gains that were prompted by hawkish remarks from FOMC voter Lockhart. EUR-USD logged two-week lows under 1.0850, extending the declines seen following the hawkish comments from the Fed's Lockhart late yesterday. EUR-JPY and EUR-GBP also traded into two-week low territory, with much weaker than expected Eurozone retail sales, which fell 0.6% m/m, keeping the euro under pressure, offsetting an upward revision in final Eurozone services and composite PMI survey data for July.



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