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Waiting On US Data For USD Direction

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 17, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The recent rally in US front-end yields has supported USD buying. However, the lack of fundamental developments indicates that this rally will be short-lived. DXY rallied 3% to 94.84 in May, as US 2-year yields rose in a similar pattern, rising to 0.79%. Judging from pared back USD shorts in[​IMG]

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