Session Recap: The USD traded mixed on IFM and ahead central banks

FXstreet.com (San Francisco) - The Greenback traded mixed on Friday against its major competitors as the USD index was consolidating levels sub 82.00 after falling 0.35% on the day and closing around 81.78.

Investors have assumed the Fed will move further on QE tapering with the Dollar as major victim. In addition, the FMI reported they see the US dollar a mildly overvalued, adding pressure to the Greenback.

The EUR/USD traded sideways in between 1.3255 and 1.3295. The GBP/USD priced in a 153.70/1.5415 range. The USD/CAD attempted to trade above the 1.0300 but the pair was rejected and currently it's closing at 1.0270.

The USD/JPY collapsed on the day and after losing the 99.00 position, the pair tested the 98.00 area. Now the cross is trading around 98.20. The AUD/USD attempted to trade around 0.9300 but wasn’t strong enough and the Aussie returned to the 0.9250 region.

Main headlines in the American session:

US: Reuters/Michigan Consumer Sentiment Index up a notch in July

IMF views US dollar as mildly overvalued

Canadian May budget deficit widens to c$2.43bn from C$1.11bn

Colombian central bank leaves rates at 3.25%

Wall Street closes positive after recovering early losses