Forex news for US trading on May 11, 2016
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The USD is ending the day as the weakest of the major currencies today. The greenback is lower against all the major currency pairs with the decline against the NZD leading the way. There was little in the way of economic releases today. Mortgage applications increased by 0.4% in the current week. THe Monthly budget statement did little to move the market. Catalysts? Stocks were under pressure. Disney earnings were weaker after the close. Later there was a report that the FTC was looking into Google dominance in the search engine sector (duh). That helped push the stocks to lows. The major indices are closing near the lows.
Forexlive America FX news wrap: Dollar corrects lower vs. major pairs
