Post-FOMC sees USD easing back

USD/JPY eases back down after a brief surge to 121.49 following the FOMC minutes. In Asia the pair traded from 121.39 to 121.05.The FOMC minutes signalled that the Fed was not likely going to hike rates in June. However USD/JPY remained supported due to relatively high US yields and Nikkei buoyancy.

EUR/JPY was up on short-covering, from 134.52 to 134.79.

EUR/USD was buoyant, rising modestly from 1.1085 to 1.1129 in the Asian session. But the pair remains near yesterday’s lows after falling on Greece concerns. The Greek government will unlikely make its debt payment to the IMF on June 5. EUR/GBP was steady between 0.7141-54. EUR/CHF was off a bit from 1.0397 to 1.0380.

GBP/USD was better bid between 1.5530-60.Cable was lifted slightly yesterday following the Bank of England minutes.

USD/CHF slipped from 0.9372 to 0.9338, mostly on profit-taking after yesterday’s rally.

AUD/USD opened in Asia at 0.7872, traded from 0.7866 to 0.7913 bounce due to USD liquidation. Weak China PMI had a neutral effect.

NZD/USD opened in Asia at 0.7308 and rose like AUD/USD on post-FOMC and short covering. It was up from 0.7296 to 0.7340.The New Zealand budget release was well received. The budget was back to surplus.

The post Post-FOMC sees USD easing back appeared first on Forex Circles.

Source:: Post-FOMC sees USD easing back

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