Thursday, 5 May 2016

XE Market Analysis: North America - May 05, 2016

The dollar traded firmer against its G3 peers, and other currencies, including sterling and the Canadian dollar, although the latter found a footing amid a 2.5%-plus rally in oil prices on news of major wildfires in Canada, which threaten to disrupt crude output. EUR-USD is down for a third straight day, posting a low at 1.1426. This extends the losses from Tuesday's nine-month peak at 1.1616. The euro has also declined against sterling and the yen, among other currencies.



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