Session Recap: USD firms ahead of GDP figures

FXstreet.com (Córdoba) – Even though reduced tension regarding Syria gave high yielding currencies and stocks some relief, the USD extended gains on Thursday as month-end buying kicked in.

EUR/USD finally broke below 1.3300, which had contained the pair over the last 2 weeks, and accelerated toward the 1.3240 area. GBP/USD has managed to hold above the 1.5500 mark and trades little changed around 1.5515.

Meanwhile, the USD strengthened sharply versus the JPY and the CHF, with USD/CHF reaching a 2-week high just ahead of the 0.9300 level. Currencies linked to commodities are a tad lower with USD/CAD hovering around 1.0500 and …read more