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.