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Session Recap: USD continues firm ahead the crucial days

The USD continues trading higher against its major competitors and after a quiet session in the Forex market, the EUR/USD has fallen below the 1.3000 frontier. Currently the EUR/USD is 0.45% negative on the day.

A stronger-than-expected ADP employment report, which highlights improvement in the labor market ahead of the NFP on Friday, fueled Dollar sentiment. The GBP/USD is in its way to test the 1.5000 level, the USD/JPY has risen above the 94.00 resistance and the AUD/USD fell to 1.0230.

Later on the day, the Beige Book highlighted once more that the US economy is growing at a moderate to modest pace, mainly propped up by the housing sector.

Heat Map Currencies

Main Headlines in America (in chronological order):


">US: ADP Employment Change fell to 198K in February

">Commodities Brief – Precious metals trade sideways after upbeat US data, crude oil surrenders earlier gains but holds above 90.00

">Forex: EUR/USD dropping further after surprising US ADP

">Session Recap: USD gains across the board

">Canada: BoC keeps policy unchanged, rate at 1%

">American equity markets edge higher Wednesday

">Forex: USD/CAD soars after BoC

">Canada: Ivey PMI drops to 51.1 in February

">US: Factory Orders falls -2.0% in January

">Forex: EUR/USD gets below 1.3000 after US factory orders

">Forex: USD/JPY going higher on US session

">Forex: GBP/USD extends losses below 1.5100

">Euro falters ahead of ECB announcement

">Forex: AUD/USD erases daily gains

">Forex: GBP/USD extends decline towards 1.5000

">Forex: EUR/USD finds support at 1.2980

">US markets trading mixed, dollar firmly up

">USD muted after Fed’s Beige Book

">Fed's Beige Book sees modest improvements in labor market conditions

">Forex: USD/JPY climbs above 94.00

Forex: USD/JPY climbs above 94.00

The US dollar extended gains versus the yen during the American session and finally pierced the 94.00 level to hit its strongest in 9 days at 94.08 in recent dealings.
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