Session Recap: The USD advances for first time in four days

FXstreet.com (San Francisco) - Finally, the USD dollar said enough on Wednesday after performing three negative days in a row and the USD index rose 0.39% on the day to recover from 82.00 lows and close around 82.40. Caterpillar revised its global growth forecast lower and mixed earnings reports fueled the risk aversion over the market.

The EUR/USD decline on the day and after reaching the highest level since June 20 at 1.3255, the pair is now closing around 1.3200. The GBP/USD performed its first negative day since July 15 with the pair being unable to break above 1.5400 and testing the 1.5300 area.

The USD/JPY recovered the tone as it moved higher to break above 100.00 and close around 100.25. The USD/CAD priced higher after 5 days and recovered the 1.0300 level and the AUD/USD collapsed hard from 0.9300 with the pair losing all the 3-day gains and closing around 0.9165.

Main Headlines in the American session:

US: Markit Manufacturing PMI rose to 53.2 in July

US: New Home Sales rise to 0.497M in June

Greece one step away from bailout payment

Wall Street Journal’s Hilsenrath: Fed Chief Choice Shapes Up as Race Between Summers, Yellen

Wall Street declines on mixed earning reports