May 30: American Session
Tatiana Norkina, analyst at FBS
Negative statistics and guarded comments of FRS member Pianalto on the current U.S. economy state have put the dollar under pressure once again. Today, the U.S. dollar index is losing about 0.10%, sliding to the 80.40 mark. The major U.S. stock markets have opened without much optimism either: DJIA has lost about 0.20% already, S&P500 - 0.05%.
The world's major currencies, except for the yen, are strengthening against the American. Thus, EUR/USD has leaped to the 1.3630 mark, the GBP/USD pair has reached up to the 1.6770 level, after consolidating above 1.6730, and USD/CHF has yet again broken through the 0.8960 support. The USD/JPY currency pair is back to the morning highs of 101.80, after having declined to the 101.50 support.