XE Market Analysis: North America – May 15, 2018

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The dollar continued to rebound from the correction lows that were posted yesterday against many currencies. The narrow trade-weighted USD index (DXY) was showing a gain of 0.2%, as of the late London AM), at 92.71, earlier logging a two-session high at 92.81. EUR-USD cleared below yesterday’s low on route to posting a two-day low at 1.1910, extending declines from yesterday’s high at 1.1996. USD-JPY has lifted toward 110.00, returning focus to recent trend highs at 110.01-03. The dollar’s gains have been concomitant with a renewed lift in U.S.