Apr. 25: American Session
Tatiana Norkina, FBS analyst
U.S. dollar today looked weaker against most world currencies before the publication of the index of consumer sentiment according to the University of Michigan. However, the data were better than expected - 84.1 vs. expected 83.00 . This allowed a little strengthen the dollar index, but it is still in the red zone, losing about 0.08 %. Stock trading opened in a very serious disadvantage: S&P500 losing about 0.52%, and the DJIA - 0.60%.
EUR/USD pair reached up to around 1.3850 mark, but with the arrival on the market of U.S. players it reduced in the area of 1.3830. Currency pair GBP/USD is consolidating just above the 1.6800 figure after testing important level of 1.6825.
USD/CHF pair shows weakness the third day, falling today to 0.8800 figure. But USD JPY dropped below 102.00 figure.