Back
20 May 2013
Session Recap: The USD cedes as JPY holds
FXstreet.com (San Francisco) - The Greenback traded lower on Monday against its majors competitors as the Japanese Yen performed as catalyst while it was holding levels. "Still not sure if we can call a bottom," points FXstreet.com analyst Valeria Bednarik.
The USD/JPY retraced from highs to test levels around 101.85 and close at 102.25 later. The EUR/USD climbed to the 1.2900 area, however, latest news about customers with over 100,000 euros in savings would suffer losses when a bank failed, add pressure to the pair.
The GBP/USD jumped to close above the 1.5250 area and the AUD/USD extended the Friday's bounce at 0.9710 to close above the 0.9800.
Main headlines in the American session:
US: Chicago Fed NA index dropped to -0.53 in April
Oil jumps to two-week high on Middle East and supply worries
Gold jumps to $1400/oz
Fed’s Evans: Economy improving quite a lot but headwinds remain
EU customers with +100K euros in savings would suffer losses in rescued banks
Wall Street declines on QE reduction talks
The USD/JPY retraced from highs to test levels around 101.85 and close at 102.25 later. The EUR/USD climbed to the 1.2900 area, however, latest news about customers with over 100,000 euros in savings would suffer losses when a bank failed, add pressure to the pair.
The GBP/USD jumped to close above the 1.5250 area and the AUD/USD extended the Friday's bounce at 0.9710 to close above the 0.9800.
Main headlines in the American session:
US: Chicago Fed NA index dropped to -0.53 in April
Oil jumps to two-week high on Middle East and supply worries
Gold jumps to $1400/oz
Fed’s Evans: Economy improving quite a lot but headwinds remain
EU customers with +100K euros in savings would suffer losses in rescued banks
Wall Street declines on QE reduction talks