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Wednesday, May 27th
The U.S. dollar was broadly higher against the basket of major currencies on Tuesday after the release of data on U.S. total durable goods orders, which fell more than expected in April, while core durable goods orders rose 0.5% the same month. Remaining broadly supported after Fed Chair Janet Yellen’s speech on Friday, the greenback continues its rise. The U.S. dollar index was at five-week highs of 97.12 during the Asian session with the current reading of 97.09.
EUR/USD hit its one-month lows on Tuesday reaching the level of 1,0862 after the positive data from U.S. and progressive concerns over Greek default.
The Japanese yen held slightly stronger today after the USD/JPY rise to eight-year highs on Tuesday. Traded at 122.93, the yen rate was stimulated by BoJ Monetary Policy Meeting Minutes indicating there are no intentions of further easing now.
The markets are watching the Interest Rate Decision in Canada due later in the day. Yesterday, USD/CAD was up to 1.2428 reaching its highest this month. The pair is currently trading at 1,2447.
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