Forex Close
USD rallied moderately in NY trade as Crude lost 2.5% and weaker Eurozone data weighed. EUR/USD slipped 0.5% to 1.5696, Cable lost 0.26% to 1.9765, and USD/JPY gained 0.8% to 104.26 in light trading after the Memorial Day holiday weekend.
Tomorrow’s economic calendar is sparse, with just the April Durable Goods at 8:30am EDT and Johnson Redbook Retail Sales at 8:55am. The FED’s Stern speaks at 1:00pm.