Session Recap: USD rises again despite data

FXStreet (Córdoba) - The US dollar was the best performer across the board on Tuesday despite a weak retail sales report in the US. European currencies were the worst, particularly the Euro that tumbled after the Bundesbank signaled that is open to more action from the ECB.

The EUR/USD bottomed during the American session at 1.3688 and finished the day hovering around 1.3700, the lowest daily close in two months. The Euro also fell against the Pound and the Swiss Franc. The GBP/USD fell to the lowest level since the beginning of the month and close the day around 1.6820.

Commodity currencies lost momentum during the American session and erased gains. The AUD/USD and the NZD/USD peaked after US economic data but then pulled back and finished unchanged from Monday’s closing price at 0.9355/60 and 0.8625/30 respectively.

The Yen appreciated after the release of retail sales data from the US and finished mostly higher across the board but with moderate losses versus the US dollar. The USD/JPY bottomed at 102.05 then bounced to the upside but faced resistance at 102.40.

Main headlines in the American session

Wall Street extends divergences in major indexes

EUR/USD pressing lower and vulnerable

GBP/USD at key support ahead of important events

USD/JPY firm again on 102 handle

EUR/GBP falls to 16-month low