Session Recap: USD weakens broadly after fresh highs

FXStreet (Córdoba) - FX market enjoyed some action for a change Thursday in a low liquidity session, still volatile as moves might have been exacerbated with many European markets closed due to the Ascension Day.

The EUR/USD managed to climb back above 1.3600 and recoup some of yesterday’s losses amid some profit taking, as the pair bounced strongly from a fresh 3-month low of 1.3585. The EUR/USD was last up 0.19% at the 1.3615 zone.

The GBP/USD shows a similar picture, with the pair bouncing from from a fresh 1-month low sub-1.6700. The USD/JPY slid further and printed a trough of 101.45.

The Australian dollar is outperforming after Aus Q1 capex data, which seems to have encouraged investors expecting worse data. The AUD/USD rose more than a cent from lows and reached a 9-day peak of 0.9312.

During the New York session watch for: US Q1 GDP revision, last week’s jobless claims and April pending home sales.

Main Headlines in Europe:

What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank

European stocks extend the correction

Italy 10-y Bond Auction: 3.01% vs previous 3.22%

BoE: Lending to businesses drops in Q1