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19 Aug 2013
Session Recap: USD mixed, EUR spikes
FXstreet.com (Córdoba) - FX market started the week on a quiet note as investors eye Wednesday's release of the FOMC minutes for further clues on the Fed bond-buying program.
The dollar is mixed on the day, up against the yen but falling against European currencies. The euro strengthened across the board as the Bundesbank cast doubt over the ECB's commitment to keeping rates at current low levels for an extended period of time.
EUR/USD rose to a high of 1.3375 on the headlines and it was last up 0.2% on the day around 1.3350. GBP/USD pushed slightly higher and printed a 2-month high of 1.5576 before easing a tad.
While trading flat versus the CHF and the CAD, the US dollar managed to advance against the Yen and the Aussie, although it remains well within its recent ranges.
Main Headlines in Europe:
Flash: What’s the sentiment around the EUR/USD today? – Westpac and Commerzbank
Markets in Euroland grinding lower, EUR in narrow range
Markets in Euroland grinding lower, EUR in narrow range
Flash: What does the GBP/USD have to offer? – Commerzbank and UBS
Bundesbank sees German economy returning to normal
European Bonds and Euro in focus
The dollar is mixed on the day, up against the yen but falling against European currencies. The euro strengthened across the board as the Bundesbank cast doubt over the ECB's commitment to keeping rates at current low levels for an extended period of time.
EUR/USD rose to a high of 1.3375 on the headlines and it was last up 0.2% on the day around 1.3350. GBP/USD pushed slightly higher and printed a 2-month high of 1.5576 before easing a tad.
While trading flat versus the CHF and the CAD, the US dollar managed to advance against the Yen and the Aussie, although it remains well within its recent ranges.
Main Headlines in Europe:
Flash: What’s the sentiment around the EUR/USD today? – Westpac and Commerzbank
Markets in Euroland grinding lower, EUR in narrow range
Markets in Euroland grinding lower, EUR in narrow range
Flash: What does the GBP/USD have to offer? – Commerzbank and UBS
Bundesbank sees German economy returning to normal
European Bonds and Euro in focus