XE Market Analysis: North America – May 31, 2017

The dollar came under broad pressure during the latter part of the European AM session. The narrow USD index gave up intraday gains and was showing a net 0.2% decline, as of the early European PM, and logged a three-day low at 97.04. EUR-USD lifted, despite sub-forecast Eurozone inflation data, out of a 1.1164 low to log a three-day peak at 1.1218, and USD-JPY ebbed some 40 pips from Tokyo-session highs to levels under 110.80. Cable about-turned after logging a six-week low at 1.2769, recouping to levels around 1.2840.

Source: XE news feed
XE Market Analysis: North America – May 31, 2017