USD lovers will appreciate the news: FXstreet (Córdoba) - The USD trades firmer versus major competitors Tuesday despite risk sentiment began to stabilize as emerging markets jitters eased a tad. The EUR/USD fell to 5-day lows sub 1.3650, while GBP/USD came under pressure and dropped to the 1.6535 area in the wake to an in-line Q4 GDP print. The USD/JPY rose above 103.00 while the USD/CHF peeped above 0.9000. As for commodity currencies, the Aussie and the Kiwi strengthened and rose versus the greenback after some decent data out of Australia, while the Loonie failed to sustain gains and traded flat on the day. With the European calendar empty for the rest of the day, US durable goods orders, home prices and consumer confidence will be in the spotlight during the New York session. Meanwhile, Wednesdays Fed decision keeps investors on the edge, with growing consensus for another 10B taper call.
Posted on: Tue, 28 Jan 2014 13:29:33 +0000
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