United States MBA Mortgage Applications rose from previous -5.9% to 5.3% in May 2

FXStreet.com (Barcelona)

Session Recap: Consolidation with Fed's Yellen in focus

- Consolidation and mild risk aversion have defined the European session, with the dollar taking a breather from yesterday’s sharp losses, and even correcting somewhat, and the yen slightly higher across the board.
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Selling interest continues to hit the USD - BTMU

Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, underlines the weakness still surrounding the USD...
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