21 Mar 2015
US Session recap: Another shaky day for the greenback
FXStreet (Guatemala) - The US session had good movements across the currency board, with a soft dollar at the outset for it to climb back and recover some lost ground on the day.
In markets on Friday, the sell-off came on when the Euro got some support on speculation Greece will receive an infusion of bailout money. The dollar was in decent supply and only managed to save some face in the closing hours.
Oil went through $46 per bbl and the Euro topped out at 1.0881. The yellow metal made a high of $1,188 from $1,169 while the S&P 500 was trading up over 1% while in the end, the index rose 18.65 points, or 0.9 percent, to 2,107.92.
EUR/USD is continuing its northern path in a chop, yet outside of the bearish channel from 1.1300 and in the upper half of the recent range on the minor bounce from current yearly lows made this month. 1.08 is supporting the pair on drifts to the downside and leaves the major on a positive note into next week.
The Canadian dollar had a good run on the weakness of the greenback that was in full supply, despite the unhealthy retail sales and in-line CPI's from the Canadian economy. so, 1.2725 down to 1.2543 was about the price action of today, one way, with a little stubbornness at 1.2600.
GBP/USD was also a one sided story, from 1.4760 to 1.4990 with resistance taking the major back to 1.492520 support. While the Aussie and Kiwi ended the weak the strongest vs the greenback.
AUD high was 0.7846, it is ending the week testing 0.7800 and despite being down to 0.7610, 20 pips of the week's low yesterday, it ends the week closing at 0.7775. The Kiwi is at 0.7563, tucked below the weeks high made today at 0.7592.
In markets on Friday, the sell-off came on when the Euro got some support on speculation Greece will receive an infusion of bailout money. The dollar was in decent supply and only managed to save some face in the closing hours.
Oil went through $46 per bbl and the Euro topped out at 1.0881. The yellow metal made a high of $1,188 from $1,169 while the S&P 500 was trading up over 1% while in the end, the index rose 18.65 points, or 0.9 percent, to 2,107.92.
EUR/USD is continuing its northern path in a chop, yet outside of the bearish channel from 1.1300 and in the upper half of the recent range on the minor bounce from current yearly lows made this month. 1.08 is supporting the pair on drifts to the downside and leaves the major on a positive note into next week.
The Canadian dollar had a good run on the weakness of the greenback that was in full supply, despite the unhealthy retail sales and in-line CPI's from the Canadian economy. so, 1.2725 down to 1.2543 was about the price action of today, one way, with a little stubbornness at 1.2600.
GBP/USD was also a one sided story, from 1.4760 to 1.4990 with resistance taking the major back to 1.492520 support. While the Aussie and Kiwi ended the weak the strongest vs the greenback.
AUD high was 0.7846, it is ending the week testing 0.7800 and despite being down to 0.7610, 20 pips of the week's low yesterday, it ends the week closing at 0.7775. The Kiwi is at 0.7563, tucked below the weeks high made today at 0.7592.