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Feb 15, 2013
Forex: USD/CAD rallies after US and Canada data
From 1.0025 area, that was serving as resistance during the European morning, the USD/CAD broke through and rallied to as high as 1.0067 on Canada and US data releases.
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Feb 15, 2013
Session Recap: G20 comments boost yen crosses, EUR/USD benefits
The session was driven mainly by G20 headlines and some officials' comments. The yen initially strengthened on expectations members of the group of nations could pledge not to target FX rates, but weakened after those expectations were smashed. G20 said just wants to avoid excessive FX volatility, disorderly movements. Much better-than-expected US manufacturing data and Bernanke upbeat comments helped to boost the greenback. Meanwhile, the EUR/USD was dragged higher by the EUR/JPY spike.
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