Worldwide Currencies Analysis on 12 May: Forex Market Overview:
- EUR/USD exchange rate lost, the pair is now traded at 1.0369, losing in this market session around -1.35%
- USD/JPY exchange rate lost, the pair is now traded at 128.15, losing in this market session around -1.40%
Last trading session was dominated by USD/NZD – US Dollar New Zealand Dollar which signed a 1.33% rise to 1.6075.
The DXY index obtained 0.99% while trading within 104.87 range for most of the day before closing. The DXY is in green on YTD basis, getting today a variation of 9.28%.
The EUR/USD exchange rate lost, the pair is now traded at 1.0369, losing in this market session around -1.35% or -0.0142 pips. Analysts’ projection for the short term is Strong Sell.
The USD/CAD exchange rate surge, the pair is now traded at 1.3072, gaining in this market session around 0.60% or 0.0078 pips. Analysts’ projection for the short term is Strong Buy.
The USD/JPY exchange rate lost, the pair is now traded at 128.15, losing in this market session around -1.40% or -1.82 pips. Analysts’ projection for the short term is Strong Sell.
The USD/NZD exchange rate gained, the pair is now traded at 1.6075, gaining in this market session around 1.33% or 0.0211 pips. Analysts’ projection for the short term is Strong Buy.
The AUD/USD exchange rate gained, the pair is now traded at 1.6075, gaining in this market session around 1.33% or 0.0211 pips. Analysts’ projection for the short term is Strong Buy.
The GBP/USD exchange rate lost, the pair is now traded at 1.2177, losing in this market session around -0.60% or -0.0073 pips. Analysts’ projection for the short term is Strong Sell.”
