Apr. 22: American session
Tatiana Norkina, analyst at FBS
U.S. dollar kept declining to the 79.87 area today, approaching yesterday's lows. However, it somewhat recovered after the release of the positive data on housing (existing home sales of $4.59 million turned out slightly higher than the $4.55 million forecasted by analysts). Currently, the index is in the red zone, losing just over 0.10%. At the same time, major U.S. stock indexes are adding approximately 0.45% each, having started the day with intensive growth.
The past-hour dollar growth has affected the currency markets as well. The EUR/USD pair has reversed from today's high of 1.3825 and is sliding to the figure. GBP/USD, after today's growth to the 1.6840 level, is consolidating in the 1.6820 area.
Recovery was resumed by the USD/CHF pair which has corrected to the 0.8835 support today. Trades are held near the 0.8850 level. The USD/JPY currency pair has collapssed below 102.60 today but the bulls have started buying again and trying to regain their position.