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13 Mar 2014
Session Recap: USD lower as sentiment improves
FXStreet (Córdoba) - The US dollar trades broadly lower Thursday as risk appetite improves, with European stocks in positive territory and US futures pointing to a higher opening.
The EUR/USD is trading at a 2-year high, having broken above the 1.3915 resistance area to print a high of 1.3966 so far, last seen Oct 2011. The GBP/USD advances, trimming previous weekly losses, having tested the 1.6700 mark in recent dealings.
Meanwhile currencies tied to commodities are outperforming, shrugging of Chinese retail sales, with the Kiwi boosted by the RBNZ and the Aussie underpinned by stronger-than-expected employment data.
During the American session watch for US jobless claims, retail sales, import prices, business inventories.
Main headlines in Europe:
Flash: What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank
ECB Monthly Report: Rates to stay low on subdued outlook for inflation
ECB's Cœuré: If borrowing costs remain high, the central bank will step in
ECB's Weidmann: Eurozone sovereign debt crisis fading
The EUR/USD is trading at a 2-year high, having broken above the 1.3915 resistance area to print a high of 1.3966 so far, last seen Oct 2011. The GBP/USD advances, trimming previous weekly losses, having tested the 1.6700 mark in recent dealings.
Meanwhile currencies tied to commodities are outperforming, shrugging of Chinese retail sales, with the Kiwi boosted by the RBNZ and the Aussie underpinned by stronger-than-expected employment data.
During the American session watch for US jobless claims, retail sales, import prices, business inventories.
Main headlines in Europe:
Flash: What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank
ECB Monthly Report: Rates to stay low on subdued outlook for inflation
ECB's Cœuré: If borrowing costs remain high, the central bank will step in
ECB's Weidmann: Eurozone sovereign debt crisis fading