13 Feb 2014
Session Recap: USD softer, EUR advances
FXStreet (Córdoba) - The dollar came under broad pressure during the European session for no apparent reason, falling against major competitors.
The EUR/USD spiked to a fresh 2-week high of 1.3685 in a sudden move that wasn't news driven. The GBP/USD also advanced to a 3-week peak of 1.6653 while the USD/JPY broke below 102.00. Currencies linked to commodities are nearly flat with the AUD underperforming in the wake of disappointing Australian jobs data.
During the New York session, the US will release jobless claims, Jan retail sales and Dec business inventories data.
Main Headlines in Europe:
Germany: Annual HICP inflation up 1.2% in January, as expected
Switzerland: Producer and Import Prices flat in January
Flash: What’s the perspective for the EUR/USD today? – Commerzbank and Societe Generale
Europe open: Focus on ECB monthly report on increasing intervention expectations
ECB lowers inflation forecasts for this and next year in its February Monthly Report
ECB's Coeure warns Eurozone recovery still weak
The EUR/USD spiked to a fresh 2-week high of 1.3685 in a sudden move that wasn't news driven. The GBP/USD also advanced to a 3-week peak of 1.6653 while the USD/JPY broke below 102.00. Currencies linked to commodities are nearly flat with the AUD underperforming in the wake of disappointing Australian jobs data.
During the New York session, the US will release jobless claims, Jan retail sales and Dec business inventories data.
Main Headlines in Europe:
Germany: Annual HICP inflation up 1.2% in January, as expected
Switzerland: Producer and Import Prices flat in January
Flash: What’s the perspective for the EUR/USD today? – Commerzbank and Societe Generale
Europe open: Focus on ECB monthly report on increasing intervention expectations
ECB lowers inflation forecasts for this and next year in its February Monthly Report
ECB's Coeure warns Eurozone recovery still weak