Xe free forex charts
OVERVIEW Xe free forex charts digest strong US payrolls data. Euro jumps into June despite fresh political concerns.
HIGHLIGHT The MXN will be the talk of the town as we head into a crucial month ahead of the July 1st election. The dollar has traded mostly softer, losing ground to the euro, sterling and the Australian dollar, though has held near net unchanged versus the Canadian dollar while gaining ground against the yen. EUR-USD rallied to a four-day high of 1. 1730 as markets digested political development in Italy, where Five Star and the League are forming a coalition government. USD-JPY crawled higher during the Tokyo session, as did EUR-JPY and other yen crosses.
0, though remained shy of yesterday’s peak at 109. A choppy but overall sanguine reaction in global markets, some would say surprisingly so, to the U. This is an update as to a relationship I have written about a number of times already. Q1 corporate profits were reported yesterday morning. That enables me to update several significant relationships. First of all, corporate profits deflated by unit labor costs are a long leading indicator, typically peaked more than a year before the onset of a recession. The dollar has traded softer against most currencies while holding near net unchanged versus the yen.