Tuesday, 3 May 2016

XE Market Analysis: North America - May 03, 2016

EUR-USD settled in the upper-1.15s after logging a nine-month peak at 1.1616. Good selling interest was reported above the figure. The shared currency has, overall, been underpinned by yesterday's upward revision in final Eurozone April manufacturing PMI and last week's solid +0.6% q/q Q1 Eurozone growth data. This is now the seventh consecutive session that EUR-USD has gained. The euro also edged out fresh highs versus the pound, too, although weathering a pullback in EUR-CHF, which fell from a 12-week high at 1.1017 to the 1.0960 area amid heft USD-CHF selling.



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