18 Nov 2013
Session Recap: USD softer to start the week
FXstreet.com (Córdoba) - The US dollar trades a touch softer versus most competitors Monday although majors remain within familiar ranges to start the week.
The pound is among the worst performers, with GBP/USD having fallen from a high of 1.6147 to near 1.6100 during the European session. Meanwhile, the EUR/USD touched a fresh high of 1.3516 before settling just below. The USD/JPY briefly dipped below 100.00 and hit a low of 99.78 before bouncing to the 100.15 area.
Currencies linked to commodities are outperforming, with USD/CAD and AUD/USD at 1.0420 and 0.9400 respectively. Elsewhere, stocks advanced in Asia and Europe while US futures point for a positive open.
During the New York session watch for Net Long-Term TIC Flows, the NAHB Housing Market Index and a couple of Fed speakers.
Main Headlines in Europe:
Morning outlook: Risk to remain supported by Fed prospects
EMU: Current Account s.a. surplus narrows against expectations in September
ECB's Nowotny: Eurozone recovery more sluggish than projected
EMU: Trade surplus widens to €14.3B in September, as expected
PM Letta confident Italy able to cut deficit next year
ECB's Mersch: 'We should look to the future with confidence'
Flash: What lies ahead of the EUR/USD? – Commerzbank and Westpac
Dollar remains under moderate pressure in continuation of last week's momentum
The pound is among the worst performers, with GBP/USD having fallen from a high of 1.6147 to near 1.6100 during the European session. Meanwhile, the EUR/USD touched a fresh high of 1.3516 before settling just below. The USD/JPY briefly dipped below 100.00 and hit a low of 99.78 before bouncing to the 100.15 area.
Currencies linked to commodities are outperforming, with USD/CAD and AUD/USD at 1.0420 and 0.9400 respectively. Elsewhere, stocks advanced in Asia and Europe while US futures point for a positive open.
During the New York session watch for Net Long-Term TIC Flows, the NAHB Housing Market Index and a couple of Fed speakers.
Main Headlines in Europe:
Morning outlook: Risk to remain supported by Fed prospects
EMU: Current Account s.a. surplus narrows against expectations in September
ECB's Nowotny: Eurozone recovery more sluggish than projected
EMU: Trade surplus widens to €14.3B in September, as expected
PM Letta confident Italy able to cut deficit next year
ECB's Mersch: 'We should look to the future with confidence'
Flash: What lies ahead of the EUR/USD? – Commerzbank and Westpac
Dollar remains under moderate pressure in continuation of last week's momentum