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Dollar Propelled Higher As June Rate Hike Is Again A Real Option

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 19, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Yesterday, the dollar was already well bid early in the session. The rise accelerated as the Minutes showed that several governors embraced the idea of a June rate hike. EUR/USD dropped to the low 1.12 area. USD/JPY regained the 110 barrier. Sterling even outperformed the dollar as markets scaled back[​IMG]

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