Session Recap: Dollar loses ground

FXstreet.com (Córdoba) - Another quiet European session saw major crosses within recent ranges, with the dollar a touch softer and the yen slightly firmer.

With the European calendar empty, the EUR/USD rose to a high of 1.3570 but failed to break above and settled around 1.3550. The GBP/USD was rejected from near 1.6200 and slipped to the 1.6170 zone. The USD/JPY pulled back from a 6-month peak of 101.91 scored Monday, but held above the 101.30 support area.

Meanwhile, the AUD/USD rose above 0.9200 underpinned by RBA Deputy Governor Lowe who said that the threshold for currency intervention was fairly high, but lost momentum and fell to fresh 2-month lows at the 0.9105 area.

During the American session, watch for US data including housing starts, S&P Case/Shiller home prices, consumer confidence and the Richmond Fed manufacturing index.

Main Headlines in Europe:

Morning roundup: Moves in AUD and NZD, light day for Euro data

Italy Consumer Confidence increase to 98.3 in November from 97.3 in October

Yield on Spanish 3-month bond rises at auction

Flash: What lies ahead of the EUR/USD? – Commerzbank and UBS

ECB's Coeure: Negative deposit rates are a 'possibility'