Upbeat economic data support the U.S Dollar rally



Upbeat economic data support the U.S Dollar rally

May 27th 2015


 
The hopes of markets about the U.S rates hike have pushed the US Dollar to recover significantly. In fact, the dollar hit an eight year high against the yen after the release of positive economic data. The figures included orders for durable factory goods, which rose above expectations by 0.5 %. And new home sales in the US which increased from 484K to 517K during the month of April. The stronger dollar has also pushed the EUR/USD to slide below $1.09.

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