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Session Recap: Resting day in Currencies; Majors on range

FXstreet.com (San Francisco) - The USD traded sideways against its majors competitors as the Easter Friday brough a quiet session. The Positive note came with the personal income and spending and the Michigan Consumer Sentiment that showed better than expected data.

Meanwhile, Italy lived another Groundhog Day as parties didn't reach a government agreement and now talks say that even President Napolitano is thinking about his resignation.

The EUR/USD consolidates levels above the 1.2800, the GBP/USD trades closes to the 1.5200 price and the USD/JPY holds above the 94.00 frontier.

Main headlines in the American Session:

US: Reuters/Michigan Consumer Sentiment Index rose to 78.6 in February

Forex: EUR/USD rises towards highs after US consumer sentiment

Forex: USD/JPY retraces losses on US session

Forex: GBP/USD stumbles to 1.5184/86

Forex: AUD/USD sideways trading at 1.0409/10

Italian political quagmire lingers into holiday weekend as negotiations abound

Forex: EUR/USD treading water around 1.2820

Forex: USD/CHF holds above 0.9485 at the Friday's close

Forex: USD/CHF holds above 0.9485 at the Friday's close

The US dollar retraced from the 0.9500 area against the Swissy after the UK closing bell with th pair trading back to test the 0.9485 level where the pair has been trading almost unchanged in the latest few hours.
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Forex: What a trip! The EUR/USD close the quarter at 1.2800

960 pips epic decline. The EUR/USD opened the year at 1.3185, in January the pair advanced more than 500 pips to the 1.3575 level and in the first day of February, the Euro even advanced to the highest since November 2011 at 1.3710 but suddenly something changed.
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