Asian Session – US dollar surges after strong housing data; yen down on stimulus hopes
Posted on May 20, 2015 at 7:22 am GMTThe dollar posted a strong performance today, as it rose significantly against its main rivals – the yen and the euro. Dollar / yen was challenging the 121 level; trying to break out of its recent range and making a 2-month high in the process at 121.05. The yen’s high for the year is at 122. Strong housing data out of the United States the previous day helped the dollar extend its recent recovery after it was driven to 1.1466 [..]