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Dollar Rallies Against Euro, Pound Pushes Lower

Published 05/26/2015, 01:50 AM
Updated 04/25/2018, 04:40 AM

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.

EUR/USD Hourly Chart

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.

GBP/USD Hourly Chart

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.

USD/JPY Hourly Chart

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