SSPY - The Dollar Continues To Recover
2024-05-17 07:05:00 ET
Summary
- The dollar's recovery begun yesterday has extended into today's activity.
- Japan's markets were mixed, but South Korea, Taiwan, and Australian and New Zealand shares fell.
- The spring EC forecast recognized that fragile recovery is taking hold in the eurozone.
Overview
The dollar's ([[DXY]], [[USDOLLAR]]) recovery begun yesterday has extended into today's activity. The greenback is higher against all the G10 currencies and most emerging market currencies, but the Indian rupee and Mexican peso. The BOJ did not reduce its bond buying at today's operation and the market sold the yen on the news. After reaching JPY153.60 yesterday, the greenback is near JPY156 now. New initiatives to support the beleaguered property market was not enough to offset the disappointing retail sales data and the yuan has pared this week's gains. On the week, the dollar has fallen against the G10 currencies but the yen and Swiss franc. It is also softer against most of the emerging market currencies....
The Dollar Continues To Recover