XE Market Analysis: Europe – May 15, 2018

The dollar has rebounded from correction lows that were seen against many currencies yesterday. EUR-USD has cleared yesterday’s and posted 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. AUD-USD has fallen to a three-session low, at 0.7503, and USD-CAD to a three-session high, at 1.2822. The lift in the dollar has been concomitant with a rebound in U.S. Treasury yields, with the 10-year T-note yield rising back above 3.0%.