The dollar rose against the euro on Friday, recovering from an early swoon after better-than-expected U.S. durable goods data for April eased investor concerns about the U.S. economy.
Michael McCarthy, Chief Market Strategist, CMC Markets says the oil market will reconnect with the $93-$95/bbl level. He also says gold will go below $1,600 very soon.
Ray Attrill, Head of FX Strategy, North America, BNP Paribas says that China is undergoing a soft landing and that growth will pick up in the rest of the year.
John Noonan, Senior FX Analyst, Thomson Reuters said investors like the idea that the U.S. Federal Reserve may be standing by with a third round of quantitative easing.