20 Mar 2014
Session Recap: The Greenback is back
FXStreet (San Francisco) - The day after the Fed was a mainly US Dollar session with the greenback consolidating recent gains. A strong Philly Fed number plus stronger US leading indicators fuel the Dollar to new highs against major rivals.
Movements were, however, not as big as an investor could expect, with the EUR/USD testing the 1.3750 area as 2-week low by mid-session. Then the pair was moving sideways in consolidation mode. The GBP/USD declined for third day with the cable touching sub 1.6500 prices. Cable closed at 1.6500.
The USD/JPY traded on consolidation mode also after Wednesday's jump. The pair moved in between 102.25 and 102.55 and it closed at 102.40.
By mid day, Barack Obama approved sanctions to Russia and then Russia approved sanctions to individuals in the United States too. A new way of war...
After the closing bell, the Federal Reserve informed that only one bank failed its stress test. The institution was Zions Bank.
Main headlines in the American session:
US: Initial Jobless Claims rose to 320K
Philly Fed surges to 9 in March; existing home sales fall 0.4%
US February leading index 0.5% vs +0.2% expected
Obama announces more sanctions against Russia
Russia announces sanctions against U.S. officials in retaliation against U.S. visa bans, asset freezes
S&P lowers Russia rating outlook to negative from stable, still BBB
Wall Street closes higher and recovers almost all yesterday's losses
Stress test shows continued improvement in US financial sector
Movements were, however, not as big as an investor could expect, with the EUR/USD testing the 1.3750 area as 2-week low by mid-session. Then the pair was moving sideways in consolidation mode. The GBP/USD declined for third day with the cable touching sub 1.6500 prices. Cable closed at 1.6500.
The USD/JPY traded on consolidation mode also after Wednesday's jump. The pair moved in between 102.25 and 102.55 and it closed at 102.40.
By mid day, Barack Obama approved sanctions to Russia and then Russia approved sanctions to individuals in the United States too. A new way of war...
After the closing bell, the Federal Reserve informed that only one bank failed its stress test. The institution was Zions Bank.
Main headlines in the American session:
US: Initial Jobless Claims rose to 320K
Philly Fed surges to 9 in March; existing home sales fall 0.4%
US February leading index 0.5% vs +0.2% expected
Obama announces more sanctions against Russia
Russia announces sanctions against U.S. officials in retaliation against U.S. visa bans, asset freezes
S&P lowers Russia rating outlook to negative from stable, still BBB
Wall Street closes higher and recovers almost all yesterday's losses
Stress test shows continued improvement in US financial sector