XE Market Analysis: Europe – May 24, 2017

The dollar has rebounded some. The narrow USD index, which on Monday logged a six-month low at 96.70 has repaired above 97.30. EUR-USD has logged a two-session low at 1.1171, putting in some distance from yesterday’s two-month. USD-JPY clocked a 5-sesison high of 112.03. EUR-JPY and other yen crosses have traded relatively steadily. Most stock markets gained today in Asia, though Chinese markets bucked the trend and headed south after Moody’s cut its credit rating of China (to A1 from Aa3).[EUR, USD]

Source: XE news feed
XE Market Analysis: Europe – May 24, 2017