Wednesday, 4 May 2016

XE Market Analysis: North America - May 04, 2016

The dollar extended the rebound gains that took root yesterday. EUR-USD looks set to break a run of seven higher highs, and has already traded below the previous day's low for the first time in 12 days, making a low so far of 1.1470, down from yesterday's nine-month peak at 1.1616. USD-JPY reached a rebound peak of 107.45, almost two big figures above yesterday's 18-month low at 105.55. The pair has since settled back under 107.0. Tokyo markets remained closed for the Golden Week holidays.



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