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Session Recap: The USD retraces and the Euro advances against major competitors

FXstreet.com (San Francisco) - The Greenback traded under pressure on Friday, ceding ground against its majors competitors except the Pound. The EUR/USD advanced to test the 1.3100 resistance with a weekly close around 1.3070. The GBP/USD extended Thursday gains and has closed the week above the 1.5100 level on Friday.

The AUD/USD has continued with its rally to consolidate levels around 1.0400. The USD/JPY lost the 96.00 position and after trading in range almost all the week, the pair collapsed to 95.10 and it has closed at 995.25.

Main Headlines in America (in chronological order):

American equity markets fall as inflation rises to 2%

US: Reuters/Michigan Cons. Sent. Index fell to 71.8 in March

Forex: EUR/USD pulls back from above 1.3100

Commodities Brief – Silver cannot breach 29.00 level, USDIX poised for weekly drop as precious metals pare losses

Fundamental Afternoon Wrap: EU Framework under question while EU leaders look for growth

Forex: USD/JPY falls to 1-week low

S&P rise to 1600 requisite on steadfast US growth, USD wanes across the board

Forex: GBP/USD retraces gains to 1.5120

Forex: AUD/USD jumps above 1.0400

Forex: USD/CAD stabilizes around 1.0200

Forex: EUR/JPY bounces after 150-pip drop

Forex: US Dollar Index bouncing off lows, around 82.20/25

Forex: EUR/USD stuck around 1.3055/60

Wall Street closes Friday lower, but advanced on the week

Wall Street closes Friday lower, but advanced on the week

The US stocks market has closed lower on Friday as investors were cashing up profits. JPM has been the loser of the session as london scandal pressured down the share to lost 2% on the day. Bank of America rose 3.8% following yesterday's Stress test results and Boing advanced 2.1% as company said battery problem is soon to be completelly fixed.
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Forex: GBP/USD closes above the 1.5100 mark

After retracing highs from 1.5175 to 1.5075, the Pound has recovery some ground against the Dollar with the pair closing the week above the 1.5100 frontier. The pair has finished the week at 1.5120 and has lost 0.45% on the week.
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