Back
2 Mar 2015
USD loses steam amid US weak data; While Euro tarts up and goes up
FXStreet (San Francisco) - The dollar index surged to 11-year highs in the European session; however weak economic data in the US hit the pro-dollar sentiment and now the USD is trading in the defensive. On the other hand, the Euro is fueled by not-that-bad PMI manufacturing data and it's recovering ground.
The EUR/USD recovered the 1.1200 level and it's consolidating highs around 1.1240; the GBP/USD fell to 1.5375 where the pair bounced back to 1.5385. The USD/JPY traded at highs since February 12 just ahead of 120.00 but the pair wasn't able to maintain its mojo; now at 119.70.
Top movers of the day are: USD/RUB, +1.90% to 62.36; USD/BRL, +0.73% to 2.8569; and EUR/NOK, 0.68% to 8.6010. To the downside, laggards are: AUD/USD, -0.40% to 0.7778; NZD/USD, -0.36% to 0.7527; AUD/JPY, 0.29% to 1.5388.
On majors, EUR/USD is +0.31% to 1.1230; GBP/USD is -0.28% to 1.5385; and USD/JPY is +0.15% to 119.75.
US stocks opened higher on the day; while oil is trading little down to $49.20 and the gold is still positive at 1,214.40.
The EUR/USD recovered the 1.1200 level and it's consolidating highs around 1.1240; the GBP/USD fell to 1.5375 where the pair bounced back to 1.5385. The USD/JPY traded at highs since February 12 just ahead of 120.00 but the pair wasn't able to maintain its mojo; now at 119.70.
Top movers of the day are: USD/RUB, +1.90% to 62.36; USD/BRL, +0.73% to 2.8569; and EUR/NOK, 0.68% to 8.6010. To the downside, laggards are: AUD/USD, -0.40% to 0.7778; NZD/USD, -0.36% to 0.7527; AUD/JPY, 0.29% to 1.5388.
On majors, EUR/USD is +0.31% to 1.1230; GBP/USD is -0.28% to 1.5385; and USD/JPY is +0.15% to 119.75.
US stocks opened higher on the day; while oil is trading little down to $49.20 and the gold is still positive at 1,214.40.