XE Market Analysis: Asia – May 30, 2017

The dollar was mostly lower through the N.Y. session, largely giving back overnight gains. EUR-USD popped to 1.1193 highs into the open, as Reuters reported a “source” piece saying the ECB would upgrade EU economic forecasts at its June meeting. The pairing faded on decent U.S. income and consumption data, though rallied to session highs of 1.1205 on weaker U.S. consumer confidence. USD-JPY fell to near two-week lows of 110.67 on wobbly risk taking levels, while USD-CAD settled into 1.3460 after making a one-week high of 1.3506, after WTI crude stabilized over $49.00.

Source: XE news feed
XE Market Analysis: Asia – May 30, 2017