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23 Feb 2015
Session Recap: USD firmer, GBP outperforms
FXStreet (Córdoba) - It has been a quiet session in America in the absence of new developments in the Greek saga and as investors anticipate Fed’s Yellen testimony before the congress on Tuesday.
EUR/USD fell about a full cent from daily highs and bottomed out at 1.1294 at the beginning of the New York session. Disappointing IFO German data weighed on the shared currency, although it managed to recover afterwards.
A Greek spokesman said that the list of reforms committed will be sent out on Tuesday, not today as agreed.
USD/JPY failed to hold above the 119.00 level and fell to the 118.80 zone during the American afternoon, where it trades 0.21% below its opening price. Meanwhile, commodity currencies retreated versus the dollar weighed by oil’s fall. USD/CAD briefly rose above 1.2600 while AUD/USD dropped below 0.7800.
The pound was among the best performers ahead of BoE Carney’s speech on Tuesday. GBP/USD peaked at a 5-day high of 1.5474, while EUR/GBP scored a fresh 7-year low of 0.7325 and GBP/JPY tested 184.00.
Elsewhere, stocks closed little changed in Wall Street oil prices lost more than 3% and gold steadied around $1,200 an ounce.
Main Headlines in America:
Gold clings to $1,200.00
Greece's first step; Euro awaits - Rabobank
DXY firm around 94.70
Greece will send list of reforms to Eurogroup on Tuesday
WTI remains below $50.00/bbl
EUR/USD fell about a full cent from daily highs and bottomed out at 1.1294 at the beginning of the New York session. Disappointing IFO German data weighed on the shared currency, although it managed to recover afterwards.
A Greek spokesman said that the list of reforms committed will be sent out on Tuesday, not today as agreed.
USD/JPY failed to hold above the 119.00 level and fell to the 118.80 zone during the American afternoon, where it trades 0.21% below its opening price. Meanwhile, commodity currencies retreated versus the dollar weighed by oil’s fall. USD/CAD briefly rose above 1.2600 while AUD/USD dropped below 0.7800.
The pound was among the best performers ahead of BoE Carney’s speech on Tuesday. GBP/USD peaked at a 5-day high of 1.5474, while EUR/GBP scored a fresh 7-year low of 0.7325 and GBP/JPY tested 184.00.
Elsewhere, stocks closed little changed in Wall Street oil prices lost more than 3% and gold steadied around $1,200 an ounce.
Main Headlines in America:
Gold clings to $1,200.00
Greece's first step; Euro awaits - Rabobank
DXY firm around 94.70
Greece will send list of reforms to Eurogroup on Tuesday
WTI remains below $50.00/bbl