- The dollar strengthens against the main European currencies.
- Optimism in the stock markets and stability in the bond market.
The EUR / USD abruptly changed direction in the preview of the American session and fell from 1.2220 to 1.2178, setting a new low for the day. The setback occurred before a general rise in the dollar in the market.
The dollar index (DXY), after being in negative territory most of the day, climbed to 89.92, erasing the losses. The advance of the greenback does not have a clear factor behind it and it is mainly against the main European currencies, since it remains in the minimum zone against the AUD, NZD and CAD. At the same time, the euro shows some weakness by setting new lows for the day in the last hour against the pound and the Swiss franc.
In minutes US data will be released First the preliminary PMI for May, then the existing home sales report. In the Eurozone, the PMIs were a positive surprise.
The strengthening of the dollar in the last hour occurred despite the fact that the futures of Wall Street marked new highs and that the yields of the Treasuries extended the fall.
Technical levels
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
