XE Market Analysis: North America – May 28, 2015

USD-JPY logged traded at its highest since 2002, the AUD took at hit on unambiguously weak Australian capital expenditure data, while a general euro rebound saw EUR-USD recoup to the mid-1.09s after leaving a one-month low at 1.0831 yesterday. An above-forecast Eurozone ESI confidence reading for May, of 103.8, aided the euro’s rebound, even though the ECB stated in its latest Financial Stability Review that “sovereign risks emanating from Greece” had “increased sharply.” USD-JPY logged a 12-year peak at 124.30 on the nominal price chart after taking out the June 2007 high at 124.16.

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