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Session Recap: USD and JPY firm

FXstreet.com (Córdoba) - Following a phase of consolidation, the US dollar strengthened versus most competitors in the wake of the Chicago Fed national activity index, which showed US economy run below trend potential in March. However, in the absence of news or events, most pairs have been confined to their recent ranges while investors continue to assess the G20 meeting highlights.

Meanwhile, stocks opened positively in Wall Street, following the cues from Asian and European peers but the positive mood is not spilling over into the FX space.

Main Headlines in Europe (in chronological order):

Downside favoured for the euro

European markets cheer G20/IMF meeting

US: Chicago Fed National Activity index down to -0.23 in March

Commodities Brief – Gold testing 1427 resistance, crude oil falls off 89.00 mark

Eurostat: Eurozone public debt grew to 90.6% GDP in 2012

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