US Reuters/Michigan Consumer Sentiment Index grows to 83.7 in May from 76.4 in Apr

May 17, 2013

EUR/USD challenges 1.2800

The EUR/USD rushed its fall at the beginning of the New York session, as investors appeal for the greenback put the pair back under pressure.

Flash: European yields suggest growth scarce – Goldman Sachs

Given the low European interest rates, weak economic activity and a high-risk premium have made yield, predictable growth and safety attractive to investors.