XE Market Analysis: North America – May 22, 2019

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The Dollar has lost traction after the Fed’s Bullard said that a rate cut may be in order if inflation continues to disappoint. There are also expectations for today’s release of FOMC minutes to evidence a shift to an overall more dovish stance, including suggestions to slacken inflation targeting. EUR-USD has found support after printing a 19-day low yesterday at 1.1142, while USD-JPY settled under 110.50, a little below the two-week high seen yesterday at 110.67. European and Asia stock markets have traded narrowly, although Chinese markets came under some pressure into the close.