XE Market Analysis: US Dollar Under Pressure

OVERVIEW British Pound, Euro, and the Canadian Dollar are all higher following central bank stimulus withdrawal comments. U.S. first-quarter GDP growth was revised up to 1.5% annualized on stronger consumer spending.  Euro-zone economic sentiment jumped more than expected in June, highest level since August 2007. UK lending data was stronger than expected in May as consumer credit rose £1.7bn and mortgage lending rose to £3.5bn. Japanese retail sales growth slowed more than expected in May, rising 2.0% year-on-year.

Source: XE news feed
XE Market Analysis: US Dollar Under Pressure