United States MBA Mortgage Applications: 1.1% (May 9) vs previous 11%

May 14, 2025

EUR: Not in a prime position to rally – ING

EUR/USD is back to trading close to the 1.120 mark, entirely driven by the swings in the dollar following the US-China deal and CPI numbers, ING's FX analyst Francesco Pesole notes.

USD: Strategic USD shorts quickly re-emerge – ING

The dollar gave back almost all of its post-China-deal gains in one session.