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Fed Hints at Future Taper; US Yields, Dollar Rise, Stocks Slump
1.3%. Eurozone April Final Core CPI eased to 0.7% from 0.5% which matched March’s 0.5%. EUR/USD – The Euro slid 0.38%, reversing 4 days of gains, to finish at 1.2175 in late New York. This followed the release of the FOMC’s April minutes. The rise in the US yields and overall Dollar strength weighed on the shared currency. Speculative long Euro bets were forced to cover some of their positions. AUD/USD – Australia’s Battler slumped under the weight of the stronger Greenback and market’s risk-off mood. The Aussie closed at 0.7725 after hitting an overnight low at 0.77109. Austr...
Source: financialit.net