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26 Aug 2013
Session Recap: USD steady but vulnerable
FXstreet.com (Córdoba) - FX markets saw low market liquidity and tight ranges on Monday as UK takes a bank holiday break.
The USD was virtually unchanged against the euro, pound and yen in European hours, with EUR/USD stable just below 1.3400 and GBP/USD below 1.5600. USD/JPY reversed intraday losses and is also flat on the day, trading around 98.60.
However, the USD remains vulnerable after disappointing housing data raised some uncertainty about Fed’s tapering its bond-buying program later this year. The dollar can drop further if Durable Goods Orders, due out later in the day, came in weaker-than-expected, although some analysts consider that a September reduction in the Fed's stimulus is already mostly priced in.
Main Headlines in Europe:
Moody’s keeping an eye on German banks
What’s the sentiment around the EUR/USD today? – Commerzbank and UBS
ECB’s Liikanen sees a relatively strong US recovery
Europe opened in red, EUR tumbles
Commodities rising on DXY drop
The USD was virtually unchanged against the euro, pound and yen in European hours, with EUR/USD stable just below 1.3400 and GBP/USD below 1.5600. USD/JPY reversed intraday losses and is also flat on the day, trading around 98.60.
However, the USD remains vulnerable after disappointing housing data raised some uncertainty about Fed’s tapering its bond-buying program later this year. The dollar can drop further if Durable Goods Orders, due out later in the day, came in weaker-than-expected, although some analysts consider that a September reduction in the Fed's stimulus is already mostly priced in.
Main Headlines in Europe:
Moody’s keeping an eye on German banks
What’s the sentiment around the EUR/USD today? – Commerzbank and UBS
ECB’s Liikanen sees a relatively strong US recovery
Europe opened in red, EUR tumbles
Commodities rising on DXY drop