XE Market Analysis: Europe – May 25, 2017

The dollar has been trading softer since the minutes to the recent FOMC meeting were releases, showing that Fed to be of a cautious mind-set, that it would be prudent to wait for evidence that recent weak data is transitory before raising rates again. The narrow USD index is off its lows by still showing a 0.4% loss since the minutes came out. EUR-USD rallied from 1.1184-85 to log a two-session high at 1.1244. USD-JPY clocked a 111.49 low during the New York PM session before settling to a narrow orbit around 111.50 during Tokyo trading.

Source: XE news feed
XE Market Analysis: Europe – May 25, 2017