Switzerland Industrial Production (YoY) dipped from previous 2.5% to -5% in 1Q

FXStreet.com (Barcelona)

May 28, 2015

EUR/USD retraces to 1.0920-1.0930

The EUR/USD pair was rejected at a high of 1.0945, following which it dropped below its 5-DMA located at 1.0930. The pair currently trades in the range of 1.0920-1.0930.

Never use rates to prick bubbles – Fed’s Williams

San Francisco Fed President John Williams said on Thursday that the banks should refrain from using interest rate policy to address risks to financial stability. “Even as a last resort” policymakers should not use rates to avoid or prick bubbles.