XE Market Analysis: North America – May 17, 2019

The Dollar posted fresh highs against the Euro, Sterling, which saw fresh selling on Brexit news, and the Australian Dollar, among other currencies, extending gains seen after Fed’s Brainard’s said yesterday that “opportunistic reflation” could be encouraged by allowing inflation to run above the 2% target for some years. The Yen has also been firming, finding safe haven demand as European equity markets and S&P 500 futures turned lower as both the Trump administration and China turn to patriotic-rousing messaging in a clear sign of deepening tensions on trade.

Source: XE news feed
XE Market Analysis: North America – May 17, 2019