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31 Oct 2013
Session Recap: USD holds gains, EUR weighed by data
FXstreet.com (Córdoba) - The dollar trades a touch firmer against European peers after the Fed sounded less dovish than expected Wednesday. Meanwhile the euro took a hit and slumped across the board weighed by weaker-than-expected Eurozone inflation figures.
The EUR/USD extended losses after CPI figures and hit a low of 1.3654 before slowing the sell-off. Immediate support stands at 1.3650 where static level converges with the 20-day SMA. The GBP/USD was a tad lower around 1.6025, while USD/CHF touched a 9-day high of 0.9032.
However, the dollar is facing mild daily losses versus the yen and commodity currencies. The USD/JPY is pulling back from yesterday's high to trade near 98.20. The NZD is outperforming after RBNZ decision while AUD and CAD are also gaining.
During the New York session watch for US initial jobless claims and Chicago PMI.
Main Headlines in Europe:
Germany: Gfk Consumer Confidence Survey slightly down in November
Germany: Annual Retail Sales grow 0.2% in September
UK: Annual Nationwide Housing Prices grow 5.8% in October
Germany: Import Price Index remains unchanged in September
Morning outlook: Some post-FOMC dollar strength
Central banks make emergency bilateral liquidity swap arrangements permanent
EMU: Annual flash CPI grows 0.7% in October
EMU: Unemployment Rate unchanged at 12.2% in September, against forecasts
The EUR/USD extended losses after CPI figures and hit a low of 1.3654 before slowing the sell-off. Immediate support stands at 1.3650 where static level converges with the 20-day SMA. The GBP/USD was a tad lower around 1.6025, while USD/CHF touched a 9-day high of 0.9032.
However, the dollar is facing mild daily losses versus the yen and commodity currencies. The USD/JPY is pulling back from yesterday's high to trade near 98.20. The NZD is outperforming after RBNZ decision while AUD and CAD are also gaining.
During the New York session watch for US initial jobless claims and Chicago PMI.
Main Headlines in Europe:
Germany: Gfk Consumer Confidence Survey slightly down in November
Germany: Annual Retail Sales grow 0.2% in September
UK: Annual Nationwide Housing Prices grow 5.8% in October
Germany: Import Price Index remains unchanged in September
Morning outlook: Some post-FOMC dollar strength
Central banks make emergency bilateral liquidity swap arrangements permanent
EMU: Annual flash CPI grows 0.7% in October
EMU: Unemployment Rate unchanged at 12.2% in September, against forecasts