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6 Feb 2015
Session Recap: Euro strengthens across the board
FXStreet (Córdoba) - Broad euro strength was the main theme of the session, with the shared currency recovering most of the lost ground Wednesday after the ECB said it will not longer take Greek debt as collateral for funding.
The euro reached its highest level since Jan 15 at 1.0640 versus the franc amid speculation the SNB was once again intervening. Versus the dollar, the shared currency staged a late run toward 1.1500 but stalled just a couple of pips shy of the circa level.
GBP/USD also rose sharply throughout the session and reached 1-month highs above 1.5300 despite the BoE kept the status quo.
The Canadian dollar also accomplished gains versus its US counterpart, boosted by oil 5% advance. Elsewhere, majors were fairly steady in familiar ranges.
US stocks also posted solid gains, with 3 main indexes rising more than 1.0%, underpinned by oil rise and upbeat earning reports.
Now all attention turns to the US nonfarm payrolls to be released tomorrow, with analysts' consensus calling for a 234,000 job gain in January following 252,000 in December.
Main Headlines in America:
US Initial Jobless Claim rose by 11,000 last week
Gold extends losses
WTI Crude rises above USD 50
Denmark cuts rates for the fourth time in three weeks
Europe: Plans for reform - RBS
Greece’s discussions with ECB failing - TDS
US stocks closed at highs of the day and turned green on the year
The euro reached its highest level since Jan 15 at 1.0640 versus the franc amid speculation the SNB was once again intervening. Versus the dollar, the shared currency staged a late run toward 1.1500 but stalled just a couple of pips shy of the circa level.
GBP/USD also rose sharply throughout the session and reached 1-month highs above 1.5300 despite the BoE kept the status quo.
The Canadian dollar also accomplished gains versus its US counterpart, boosted by oil 5% advance. Elsewhere, majors were fairly steady in familiar ranges.
US stocks also posted solid gains, with 3 main indexes rising more than 1.0%, underpinned by oil rise and upbeat earning reports.
Now all attention turns to the US nonfarm payrolls to be released tomorrow, with analysts' consensus calling for a 234,000 job gain in January following 252,000 in December.
Main Headlines in America:
US Initial Jobless Claim rose by 11,000 last week
Gold extends losses
WTI Crude rises above USD 50
Denmark cuts rates for the fourth time in three weeks
Europe: Plans for reform - RBS
Greece’s discussions with ECB failing - TDS
US stocks closed at highs of the day and turned green on the year