9 Apr 2014
Session Recap: JPY best day since August, USD worst performer
FXStreet (Córdoba) - The Yen was the main attraction of the American session: the japanese currency soared across the board, extending gains. The US dollar held steady consolidating losses against majors and plummeted versus the yen and .
In the day of the kick-off of the earnings season ot the first quarter and ahead of the FOMC minutes, stocks in Wall Street rose moderately, ending a three day losing streak.
The USD/JPY fell the most since August of last year and finished below 102.00 with a decline of more than 130 pips or -1.30%. The Yen finished at weekly highs across the board and was the best performer during the American session and all day. The rally of the JPY was followed by falling US Treasury bond yields. During the European session markets fell supporting the Yen, but Wall Street finished higher.
Among European currencies, the Euro was the worst performer but the EUR/USD managed to closed barely below 1.3800, near April highs, posting a gain of 0.40%. Cable supported by Industrial Production data from the United Kingdom was the best: GBP/USD peaked at 1,6754 and moved in ranges on American hours between the highs and 1,6735.
The US dollar also fell sharply versus commodity currencies. The AUD/USD jumped breaking above 0.9350 and hit 0.9366 during the US session while the NZD/USD approached 2014 highs that lie at 0.8700. The USD/CAD extended the decline below 1.1000 and bottomed at 1.0911, the lowest price since February 19.
Crude oil jumped and posted the highest close in a month above $101.50 while gold also finished higher, extending the recovery above $1,300.
Main headlines in the American session
IMF cuts global growth forecast, hikes EU outlook
Gold pulls back from 2-week highs
GBP/USD exhausted at 1.6750?
Markets advance, eyes on earnings, Ukraine
In the day of the kick-off of the earnings season ot the first quarter and ahead of the FOMC minutes, stocks in Wall Street rose moderately, ending a three day losing streak.
The USD/JPY fell the most since August of last year and finished below 102.00 with a decline of more than 130 pips or -1.30%. The Yen finished at weekly highs across the board and was the best performer during the American session and all day. The rally of the JPY was followed by falling US Treasury bond yields. During the European session markets fell supporting the Yen, but Wall Street finished higher.
Among European currencies, the Euro was the worst performer but the EUR/USD managed to closed barely below 1.3800, near April highs, posting a gain of 0.40%. Cable supported by Industrial Production data from the United Kingdom was the best: GBP/USD peaked at 1,6754 and moved in ranges on American hours between the highs and 1,6735.
The US dollar also fell sharply versus commodity currencies. The AUD/USD jumped breaking above 0.9350 and hit 0.9366 during the US session while the NZD/USD approached 2014 highs that lie at 0.8700. The USD/CAD extended the decline below 1.1000 and bottomed at 1.0911, the lowest price since February 19.
Crude oil jumped and posted the highest close in a month above $101.50 while gold also finished higher, extending the recovery above $1,300.
Main headlines in the American session
IMF cuts global growth forecast, hikes EU outlook
Gold pulls back from 2-week highs
GBP/USD exhausted at 1.6750?
Markets advance, eyes on earnings, Ukraine