23 Apr 2014
Session Recap: The comeback of the Yen
FXStreet (Córdoba) - The Yen was among the best performers on Wednesday, rising for the first time in almost two weeks, supported by risk aversion and falling US Treasury yields. The Aussie was the worst performers weakened after inflation data from Australia and Chinese economic data. Stocks in the US finished lower, with the NASDAQ down 0.83%; but futures soared after Apple’s quarter earnings report.
The USD/JPY finished lower, around 102.40. Some strength in the US dollar avoided a major decline in the pair. The Japanese currency lost momentum during the American session and after reaching weekly highs across the board, retreated.
Greenback rose against commodity currencies, particularly versus the Aussie. The AUD/USD had the worst day in a month and finished at 0.9285, moving further away from 0.9400. During the European and the American session the Aussie failed to recover ground.
Among European currencies, the Pound was the weakest, sending the GBP/USD below 1.6800. Better-than-expected data from the euro zone pushed the common currency to the upside and the EUR/USD to 1.3854 but during New York trading pulled back to finish around 1.3815.
Gold finished unchanged around $1,285 an ounce while oil futures (WTI) fell again, closing at the lowest level in two weeks below $101.50 as the US reported a record supply.
Main headlines in the American session
S&P and Nasdaq stopped a 6-day winning streak
EUR/USD glued to 1.3800
GBP/USD consolidating a poor performance
Gold bounces at 1,280; recovery doesn't seem strong
The USD/JPY finished lower, around 102.40. Some strength in the US dollar avoided a major decline in the pair. The Japanese currency lost momentum during the American session and after reaching weekly highs across the board, retreated.
Greenback rose against commodity currencies, particularly versus the Aussie. The AUD/USD had the worst day in a month and finished at 0.9285, moving further away from 0.9400. During the European and the American session the Aussie failed to recover ground.
Among European currencies, the Pound was the weakest, sending the GBP/USD below 1.6800. Better-than-expected data from the euro zone pushed the common currency to the upside and the EUR/USD to 1.3854 but during New York trading pulled back to finish around 1.3815.
Gold finished unchanged around $1,285 an ounce while oil futures (WTI) fell again, closing at the lowest level in two weeks below $101.50 as the US reported a record supply.
Main headlines in the American session
S&P and Nasdaq stopped a 6-day winning streak
EUR/USD glued to 1.3800
GBP/USD consolidating a poor performance
Gold bounces at 1,280; recovery doesn't seem strong