Thursday, 19 May 2016

XE Market Analysis: Asia - May 19, 2016

The dollar added modestly to Wednesday's post-FOMC minute gains, though subsequently moved away from session highs. U.S. data was mixed, with better jobless claims numbers and leading indicators offset by a softer Philly Fed index. The FX market appears to have pushed the minutes envelope as far as it is going to for now, though with the Fed supposedly "data-dependent", incoming data could have a bigger impact on the greenback. EUR-USD based at 1.1181 before rallying back to 1.1227 highs.



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