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13 Apr 2015
Session Recap: dollar bid across the board
FXStreet (Edinburgh) - The US dollar is extending its bullish momentum sparked last week following the miserable release of the Chinese trade balance figures, dragging EUR/USD back to visit the low-1.0500s and GBP/USD to the 1.4600 neighbourhood. In the meantime, USD/JPY clinched 4-week tops above 120.80, although deflating to the mid-120.00s afterwards.
There are no significant data releases scheduled for today’s session in Euroland or the US, leaving the markets to the mercy of the risk trends and developments from Greece, which keeps weighing mainly on the euro.
In the commodities’ space, the barrel of West Texas Intermediate is looking to consolidate above the $52.00 mark, leaving behind last week’s volatility and the massive build up in inventories. Brent crude is following suit, up more than 1% around $58.50. In another direction, the troy ounce of Gold is posting marginal losses bear the $1,200.00/oz handle.
There are no significant data releases scheduled for today’s session in Euroland or the US, leaving the markets to the mercy of the risk trends and developments from Greece, which keeps weighing mainly on the euro.
In the commodities’ space, the barrel of West Texas Intermediate is looking to consolidate above the $52.00 mark, leaving behind last week’s volatility and the massive build up in inventories. Brent crude is following suit, up more than 1% around $58.50. In another direction, the troy ounce of Gold is posting marginal losses bear the $1,200.00/oz handle.