Earlier today, the greenback increased to a three-week high against the yen after yesterday’s minutes of the U.S. Federal Reserve's latest policy meeting refreshed expectations for a June interest rate hike. In this way, USD/JPY reached the first Fibonacci retracement, but will it stop currency bulls in the coming days?

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Earlier today, the USD Index moved higher ahead minutes from the Federal Reserve’s April meeting, which will be released later in the day. Thanks to this increase, the index climbed to the highest level since Apr 25, which pushed EUR/USD under 1.3000. Will we see further declines?

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Earlier today, the Australian dollar moved higher against its U.S. counterpart after minutes of the Reserve Bank of Australia's May policy meeting reduced expectations of an interest rate cut. Thanks to these circumstances AUS/USD approached the last week’s high. Will we see further improvement in the coming days?

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Earlier today, the Federal Reserve of New York showed that its Empire State manufacturing activity index declined to -9.02 in May, missing analysts’ forecasts and disappointing market participants. As a result, the USD Index gave up some gains and slipped below 94.50. What impact did this drop have on our six currency pairs?

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Earlier today, the U.S. Commerce Department showed that retail sales rose by 1.3% in the previous month, beating analysts’ expectations. Additionally, core retail sales (without automobile sales) moved higher by 0.8% also beating forecasts. On top of that U.S. producer price inflation and core PPI increased more-than-expected, which supported the greenback. As a result, USD/CAD reversed and rebounded. Will we see further rally in the coming week?

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