XE Market Analysis: North America – May 01, 2018

The dollar rallied to fresh trend highs versus the euro, yen, sterling and Australian dollar, among other currencies. This occurred in thin markets with much of Europe and key Asian centres having been closed for public holidays today. Expectations for strong U.S. jobs data on Friday have been maintaining a bid for dollars, while a sizable miss in UK manufacturing PMI data helped dive Cable to a four-month low at 1.3666.