31 May 2014
Session Recap: USD losses momentum, ends week mixed
FXStreet (Córdoba) - In another quiet US session, Greenback consolidated losses versus the European currencies and finished unchanged against commodity currencies. Over the week, the best performer where the Aussie, the Loonie and the Yen.
The EUR/USD traded all day above 1.3600 but found resistance at 1.3650 and pulled back to finish hovering around 1.3630, with marginal weekly gains. The Euro managed to stabilized across the board after falling for four consecutive weeks ahead of next Thursday ECB meeting.
The GBP/USD climbed on Friday, trimming weekly losses and approached 1.6800. The Pound was among the worst performers during the week and finished lower versus the other European currencies.
The Yen pulled back across the board on Friday, but ended the week higher, with moderate gains. The USD/JPY finished below 102.00 but far from Thursday's lows.
The US dollar lost momentum on Friday after the release of US economic data. During May Greenback had an acceptable performance rising against most traded currencies, except the Yen, the Loonie and the Aussie.
Gold fell again on Friday reaching fresh 4-month lows at $1,242 and posted the lowest monthly close since January. Crude oil fell again on Friday, losing $1,5 for the week, but managed to hold above $102 a barrel.
Main headlines in the American session
">Gold drops further, bottoms at $1,242
USD/CHF erases weekly gains
">EUR/USD deflates from highs
USD/JPY rises above 101.70
">USD/CAD jumps after Canadian GDP miss
Fed's Pianalto: Inflation is a two-sided threat
The EUR/USD traded all day above 1.3600 but found resistance at 1.3650 and pulled back to finish hovering around 1.3630, with marginal weekly gains. The Euro managed to stabilized across the board after falling for four consecutive weeks ahead of next Thursday ECB meeting.
The GBP/USD climbed on Friday, trimming weekly losses and approached 1.6800. The Pound was among the worst performers during the week and finished lower versus the other European currencies.
The Yen pulled back across the board on Friday, but ended the week higher, with moderate gains. The USD/JPY finished below 102.00 but far from Thursday's lows.
The US dollar lost momentum on Friday after the release of US economic data. During May Greenback had an acceptable performance rising against most traded currencies, except the Yen, the Loonie and the Aussie.
Gold fell again on Friday reaching fresh 4-month lows at $1,242 and posted the lowest monthly close since January. Crude oil fell again on Friday, losing $1,5 for the week, but managed to hold above $102 a barrel.
Main headlines in the American session
">Gold drops further, bottoms at $1,242
USD/CHF erases weekly gains
">EUR/USD deflates from highs
USD/JPY rises above 101.70
">USD/CAD jumps after Canadian GDP miss
Fed's Pianalto: Inflation is a two-sided threat