- The weaker dollar seen in the second half of May is over. The Dollar Index appears poised to rechallenge the 105.00 high set on May 13.
- The euro tested $1.0775 after the ECB's announcement and ran into a wall of sellers.
- Japanese officials expressed concern about the pace of the yen's decline ahead of the weekend, while many market participants focus on the level.
- The Reserve Bank of Australia delivered a larger-than-expected 50 bp hike, and still, the Australian dollar tumbled around 2.2% last week to turn in its worst showing since the end of April.
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Greenback Poised To Challenge May Highs