Thursday, 5 May 2016

XE Market Analysis: Asia - May 05, 2016

A relatively quiet day in FX Land on Thursday, as the market prepped for Friday's April U.S. employment report. The dollar was mostly higher, likely as last-minute short covering set in, though ranges were fairly narrow overall. Yields drifted lower, while Wall Street started strong before squandering gains in afternoon trade. Weekly jobless claims were higher than forecasts, though had little impact overall. EUR-USD topped at 1.1440 early in the session, making its way to lows of 1.1386 into the London close.



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