USD up on consumer confidence data
US consumer confidence surprised the markets to the upside by showing the best reading in over 5 years (76.2 in May vs. previous 69.0 and forecasted 70.7). As a result, USD dollar index bounced back towards the 2013 highs around 84.20. Expectectations of the QE tapering revived with a new force.
EUR/USD extended its decline and broke below the $1.2900 mark to $1.2850. GBP/USD slipped to $1.5030. USD/JPY recovered back above 102.00. USD/CAD approached the recent highs around 1.0390. USD/CHF jumped to 0.9740. AUD/USD and NZD/USD remain sideways.