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Forex Market Overview: EUR/USD exchange rate hiked, the pair is now traded at 1.0431

Jason Lee by Jason Lee
May 16, 2022
in Forex Market, Forex Market Outlook, Special
0

Home » Forex Market Overview: EUR/USD exchange rate hiked, the pair is now traded at 1.0431

Last trading session was dominated by AUD/USD – Australian Dollar US Dollar which signed a 0.45% rise to 0.697.

The DXY index lost -0.32% while trading within 104.23 range for most of the day before closing. The DXY is in green on YTD basis, getting today a variation of 8.60%.

The EUR/USD exchange rate hiked, the pair is now traded at 1.0431, gaining in this market session around 0.19% or 0.002 pips. Analysts’ projection for the short term is Strong Buy.

The USD/CAD exchange rate lost, the pair is now traded at 1.2851, losing in this market session around -0.45% or -0.0057 pips. Analysts’ projection for the short term is Strong Sell.

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The USD/JPY exchange rate lost, the pair is now traded at 129.1, losing in this market session around -0.07% or -0.1 pips. Analysts’ projection for the short term is Strong Sell.

The USD/NZD exchange rate lost, the pair is now traded at 1.5849, losing in this market session around -0.36% or -0.0057 pips. Analysts’ projection for the short term is Strong Sell.

The AUD/USD exchange rate lost, the pair is now traded at 1.5849, losing in this market session around -0.36% or -0.0057 pips. Analysts’ projection for the short term is Strong Sell.

AUD/USD exchange rate lost, the pair is now traded at 1.5849

The GBP/USD exchange rate gained, the pair is now traded at 1.2316, gaining in this market session around 0.45% or 0.0056 pips. Analysts’ projection for the short term is Strong Buy.

Jason Lee

Jason Lee

Jason Lee is a fintech entrepreneur and the Founder and CEO of DailyPay, the current market leader in the on-demand pay software sector. A financial engineer by training, Mr. Lee spent nearly two decades on Wall Street creating numerous new products and markets to manage areas of risk.

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