12 Feb 2015
Session Recap: USD underperforms, EUR/USD rises above 1.1400
FXStreet (Córdoba) - The dollar came under pressure during the New York morning following disappointing US retail sales and jobless claims figures, while the pound outperformed on the back of a hawkish BoE QIR.
GBP/USD broke above 1.5400 and reached its highest level since January 2 at 1.5414, while EUR/GBP printed a fresh 7-year low of 0.7371 at the beginning of the session before recovering some ground.
Meanwhile, EUR/USD poked above 1.1400 amid news the ECB decided to boost the amount that Greek banks can access through ELA by €5 billion, taking it to €65 billion. USD/JPY extended weakness and bottomed out at 118.50.
USD/CAD spent the last hours below 1.2500 as oil rose more than 4% to above 52 a barrel. AUD/USD shrugged off weak Australian employment data and turned intraday positive, hitting a high of 0.7778 before easing slightly.
Elsewhere, US stocks finished with important gains. S&P 500 rose nearly 1% and closed 2 points shy of its record high, while the Nasdaq climbed 1.2% and scored its best close since 2000. DJIA ended up 0.6% on the day.
Main Headlines in America:
Initial claims increase by 25k
US retail sales increase 3.3 percent YoY
ECB increases limit of emergency loans to Greek banks
Gold unchanged near $1,220/Oz
DXY supported at 21-d MA
WTI retreats from highs
European banks adopting negative rates - BBH
The ceasefire in Ukraine came to Wall Street, that closed with big gains
GBP/USD broke above 1.5400 and reached its highest level since January 2 at 1.5414, while EUR/GBP printed a fresh 7-year low of 0.7371 at the beginning of the session before recovering some ground.
Meanwhile, EUR/USD poked above 1.1400 amid news the ECB decided to boost the amount that Greek banks can access through ELA by €5 billion, taking it to €65 billion. USD/JPY extended weakness and bottomed out at 118.50.
USD/CAD spent the last hours below 1.2500 as oil rose more than 4% to above 52 a barrel. AUD/USD shrugged off weak Australian employment data and turned intraday positive, hitting a high of 0.7778 before easing slightly.
Elsewhere, US stocks finished with important gains. S&P 500 rose nearly 1% and closed 2 points shy of its record high, while the Nasdaq climbed 1.2% and scored its best close since 2000. DJIA ended up 0.6% on the day.
Main Headlines in America:
Initial claims increase by 25k
US retail sales increase 3.3 percent YoY
ECB increases limit of emergency loans to Greek banks
Gold unchanged near $1,220/Oz
DXY supported at 21-d MA
WTI retreats from highs
European banks adopting negative rates - BBH
The ceasefire in Ukraine came to Wall Street, that closed with big gains