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Forex Market (May 5): EUR/USD exchange rate lost, the pair is now traded at 1.0508

Alex Lowe by Alex Lowe
May 6, 2022
in Currencies, Currencies Market Outlook, Forex Market, Forex Market Outlook, Special
0

Home » Forex Market (May 5): EUR/USD exchange rate lost, the pair is now traded at 1.0508

Last trading session was dominated by USD/NZD – US Dollar New Zealand Dollar which signed a 2.34% rise to 1.5632.

The DXY index obtained 1.25% while trading within the 103.87 range for most of the day before closing. The DXY is in green on YTD basis, getting today a variation of 8.18%.

The EUR/USD exchange rate lost, the pair is now traded at 1.0508, losing in this market session around -1.06% or -0.0113 pips. Analysts’ projection for the short term is Strong Sell.

The USD/CAD exchange rate surge, the pair is now traded at 1.2865, gaining in this market session around 1.05% or 0.0134 pips. Analysts’ projection for the short term is Strong Buy.

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The USD/JPY exchange rate gained, the pair is now traded at 130.48, gaining in this market session around 1.09% or 1.4 pips. Analysts’ projection for the short term is Strong Buy.

The USD/NZD exchange rate gained, the pair is now traded at 1.5632, gaining in this market session around 2.34% or 0.0358 pips. Analysts’ projection for the short term is Strong Buy.

The AUD/USD exchange rate gained, the pair is now traded at 1.5632, gaining in this market session around 2.34% or 0.0358 pips. Analysts’ projection for the short term is Strong Buy.

The GBP/USD exchange rate lost, the pair is now traded at 1.233, losing in this market session around -2.30% or -0.029 pips. Analysts’ projection for the short term is Strong Sell.

Alex Lowe

Alex Lowe

Alex is a financial writer covering forex. He is a expert financial journalist whose credits include Bloomberg, FT of London, Chicago Tribune. Contact: [email protected]

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