Wednesday, 1 June 2016

XE Market Analysis: North America - Jun 01, 2016

The yen outperformed on a safe haven bid as stocks markets and oil prices declined, while sterling extended broad declines that started yesterday amid a combo of revived Brexit risks and much weaker than expected mortgage lending data. Elsewhere, the Aussie dollar rallied following strong Australian GDP data, while the U.S. dollar posted a mixed performance, correcting from a two-day low versus the euro while losing ground to the yen and Australian dollar, and gaining versus the underperforming pound.



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