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Session Recap: USD firmer in quiet trade

FXstreet.com (Córdoba) – The FX market enjoyed a quiet start to the week, with the USD trading a touch firmer versus major competitors.

ECB Hansson’s comments saying the bank is ready to cut interest rates further, and is technically ready to cut deposit rates weighed on the euro, with EUR/USD sliding to the 1.3500 zone from a high of 1.3560 scored during the Asian session.

The GBP/USD also corrected gains after hitting a 1-month peak and lost the 1.6200 mark. The USD/JPY extended gains and reached its strongest in 6 months at 101.91 before easing a tad. Meanwhile, the AUD/USD managed to …read more