Sept. 12: American Session
Tatiana Norkina, analyst at FBS
The US dollar index has begun to strengthen rapidly and added about 0.10% by the American session opening, after the release of data on retail sales which had risen by 0.6%, corresponding to analysts expectations. Apart from that, new data on consumer sentiment by the University of Michigan are expected to appear a little later.
Stock trading have opened in the red. Major US indexes are losing 0.30%.
Currency markets have consolidated today, but by the session opening, the dollar has strengthened against most currencies. Thus, the EUR/USD pair has collapsed to the 1.2910 mark from the high of the day around 1.2950. The GBP/USD currency pair is sliding to the 1.6220 area. USD/CHF has recovered to the 0.9370 figure. In the meantime, USD/JPY is storming new highs around 107.35.