Tuesday 22 May 2012

CURRENCY UPDATE : 22-May-2012


DOLLAR
The US dollar index (DXY) was little changed overnight, remaining in a downward correction.  USD/JPY was stuck between 79.20 and 79.45.AUD initially ranged sideways but broke above 0.9884 resistance to 0.9908 in NY. Outperformer NZDrose from 0.7562 to 0.7647 in NY. AUD/NZD fell from 1.3000 to 1.2950.

EURO
EURO bounced from 1.2725 to 1.2809 during the NY session.



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