Back
19 Feb 2014
Session Recap: Dollar mixed ahead of Fed minutes
FXStreet (Córdoba) - Risk sentiment deteriorated somewhat Wednesday after another round of soft US data yesterday, with the greenback trading mixed across the board ahead of the release of Fed minutes.
The pound is underperforming on the back of disappointing UK employment data, with GBP/USD falling back below 1.6700. Meanwhile, the EUR/USD trades little changed on the day at the 1.3750 area, after failing to break above the 1.3770 zone.
The Australian dollar managed to reverse intraday losses, while the Loonie reached a 1-month high versus the greenback. The USD/JPY has already retraced yesterday's gains and it is back below the 102.00 mark.
During the American session, watch for FOMC minutes, PPI, housing starts and building permits. Fed Lockhart and Bullard are also due to speak.
Main Headlines in Europe:
Flash: What’s the sentiment around the EUR/USD today? – Danske Bank and Commerzbank
European open: UK unemployment remains in focus despite BoE shift
BoE Minutes: Scope remains to absorb spare capacity further before raising bank rate
Switzerland: ZEW Survey – Expectations down to 28.7 in February
EMU: Construction Output increases 0.9% in December
Commodities: Gold demand subdued ahead of FOMC minutes, Natural gas gains
The pound is underperforming on the back of disappointing UK employment data, with GBP/USD falling back below 1.6700. Meanwhile, the EUR/USD trades little changed on the day at the 1.3750 area, after failing to break above the 1.3770 zone.
The Australian dollar managed to reverse intraday losses, while the Loonie reached a 1-month high versus the greenback. The USD/JPY has already retraced yesterday's gains and it is back below the 102.00 mark.
During the American session, watch for FOMC minutes, PPI, housing starts and building permits. Fed Lockhart and Bullard are also due to speak.
Main Headlines in Europe:
Flash: What’s the sentiment around the EUR/USD today? – Danske Bank and Commerzbank
European open: UK unemployment remains in focus despite BoE shift
BoE Minutes: Scope remains to absorb spare capacity further before raising bank rate
Switzerland: ZEW Survey – Expectations down to 28.7 in February
EMU: Construction Output increases 0.9% in December
Commodities: Gold demand subdued ahead of FOMC minutes, Natural gas gains