Currency Analyst since 2010

US dollar remains strong

US dollar remains strong versus other currencies. On Tuesday American durable goods data didn’t disappoint, while consumer confidence edged up in May and new home sales rose in April.

EUR/USD returned above 1.0900. Greek government said on Tuesday that it would try to make a payment to the International Monetary Fund next week. Finance Minister Yanis Varoufakis also expressed confidence that an agreement with creditors will be reached in time to avoid default.

USD/JPY remains near the multiyear highs trading in the 123.00 area after rising to 123.33 yen on Tuesday.

Commodity currencies also lost ground against the greenback. AUD/USD fell to a month low of $0.7725. NZD/USD hit its lowest in over two months at $0.7222.

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