Forex Market Review (Asian Session) – Dollar weakness persists; euro rises above $1.10; oil holds gains
Posted on May 16, 2017 at 6:49 am GMTThe dollar index fell to a one week low as the greenback continued to weaken against a basket of currencies, following a series of soft US data recently, as well as domestic politics. The euro extended its rally, while oil prices held onto recent gains. The dollar came under pressure yesterday after a surprisingly soft US manufacturing report from the New York Federal Reserve. Meanwhile, an article in the Washington Post that US President Donald Trump divulged highly classified information [..]