28 May 2014
Session Recap: USD rises again, EUR/USD below 1.3600
FXStreet (Córdoba) - After rising on European hours the US dollar consolidate gains during the American session and finished higher across the board, except against the Yen. The worst performer was the Pound, followed by the Kiwi that plummeted. Wall Street closed lower after four days of gains while US Treasuries soared.
The EUR/USD fell for the second day in a row and posted the first daily close below 1.3500 since early February. The Swiss Franc was the best performer among European currencies but the USD/CHF rose, still unable to break 0.9000.
Cable tumbled in the market. The GBP/USD had the worst day in months and lost a hundred pips closing barely above 1.6700. The Pound fell against the Euro and plummeted versus the Swissy: GBP/CHF tumbled to 1.5000 erasing last week gains.
The Japanese currency was the main winner supported by falling US government bond yields. The USD/JPY dropped moderately and ended below 102.00 while EUR/JPY and GBP/JPY finished at weekly lows.
Commodity currencies also fell against the US dollar but managed to trim losses during the second half of the American session. The AUD/USD found support above 0.9200 while the NZD/USD managed to recover from under 0.8500.
Gold fell for the second day in a row, closing below $1,260 an ounce, at the lowest level in three months. Crude oil decline 1% to $103 a barrel.
Main headlines in the American session
Yen bears at bay in US session - BBH
USD/CAD climbs above 1.0880
USD/JPY threatens YTD low
EUR/USD looks to regain 1.3600
Gold extends slide, falls to $1,255
GBP/USD soft like butter, melting through supports
USD/CHF hits fresh 3-month highs, still below 0.9000
GBP/USD completes 100-pip decline to test 1.6700
The EUR/USD fell for the second day in a row and posted the first daily close below 1.3500 since early February. The Swiss Franc was the best performer among European currencies but the USD/CHF rose, still unable to break 0.9000.
Cable tumbled in the market. The GBP/USD had the worst day in months and lost a hundred pips closing barely above 1.6700. The Pound fell against the Euro and plummeted versus the Swissy: GBP/CHF tumbled to 1.5000 erasing last week gains.
The Japanese currency was the main winner supported by falling US government bond yields. The USD/JPY dropped moderately and ended below 102.00 while EUR/JPY and GBP/JPY finished at weekly lows.
Commodity currencies also fell against the US dollar but managed to trim losses during the second half of the American session. The AUD/USD found support above 0.9200 while the NZD/USD managed to recover from under 0.8500.
Gold fell for the second day in a row, closing below $1,260 an ounce, at the lowest level in three months. Crude oil decline 1% to $103 a barrel.
Main headlines in the American session
Yen bears at bay in US session - BBH
USD/CAD climbs above 1.0880
USD/JPY threatens YTD low
EUR/USD looks to regain 1.3600
Gold extends slide, falls to $1,255
GBP/USD soft like butter, melting through supports
USD/CHF hits fresh 3-month highs, still below 0.9000
GBP/USD completes 100-pip decline to test 1.6700