Dollar Rallies Against Euro, Pound Pushes Lower
ICM Brokers | May 26, 2015 01:50AM ET
EUR/USD
The dollar continued its recent rally against the euro, finishing higher against its European counterpart for the first time in five weeks, amid mixed U.S. consumer pricing data and comments from key central bankers on both sides of the Atlantic on the short-term outlook of both economies.
GBP/USD
The pound pushed lower against the U.S. dollar on Friday, after data showed that U.K. public sector net borrowing rose less than expected last month, while demand for the greenback remained under pressure. The U.K. Office for National Statistics earlier reported that public sector net borrowing rose by £6.04 billion in April, compared to expectations for an increase of £7.80 billion.
USD/JPY
The Japanese yen held slightly stronger on Monday ahead of a U.S. holiday and trade data. At its monthly policy meeting on Friday, the Bank of Japan kept its monetary policy on hold and signaled growing confidence in the strength of the economy. Japan's trade balance for April reached a deficit of Y53.4 billion, narrower than the Y319 billion deficits seen, and exports rose 8.0%, better than the 6.4% increase expected, and imports declined 4.2%, more than the 1.5% drop expected.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.