Wednesday, 3 June 2015

Rough day for King Dollar

As the chatter on Greece continued, the USD saw a major net daily decline of -1.5% @ DXY 95.99 (intra low 95.71). The broader trend remains unquestionably bullish, but a retrace to the low 90s into July now looks increasingly probable.


USD, daily2


USD, monthly'3


Summary

It has been a long day... and I've nothing more to add on the USD.
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Looking ahead

Wed' will see ADP jobs, intl. trade, ISM/PMI service sector data, with a Fed beige book (2pm).

Fed officials Evans and Bullard are due to speak in the afternoon.
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Goodnight from a tired London