Session Recap: USD little changed ahead of key events this week

By | Updated August 18, 2014 AAA

FXStreet (Córdoba) - A quiet European session to start the week, with the USD broadly unchanged within familiar ranges, as investors remain sidelined ahead of big events this week.

The calendar is pretty light for today but data flow picks up tomorrow with the US releasing housing and inflation data. Then Wednesday the Fed will publish last meeting’s minutes and finally the Federal Reserve's annual economic symposium in Jackson Hole is scheduled for Friday.

The EUR/USD fell to a low of 1.3380 but bounced to the 1.3400 area afterwards. The GBP/USD started the week a tad higher and consolidates around 1.6730 after comments from BoE Governor Carney over the weekend. The USD/JPY edged higher to the 102.40 zone on easing geopolitical concerns. Currencies linked to commodities were broadly unchanged.

In Europe, stocks were posting big gains, with regional indexes around 1% up, underpinned by better risk sentiment. Gold was down 0.2% at $1,303 an ounce while crude oil lost nearly 1.0% to $96.37 a barrel.

Main Headlines in Europe:

What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank

European stocks open with sharp gains as concerns ease

Fed minutes and Jackson Hole Symposium US highlights this week - BNZ

EMU: Trade surplus n.s.a. widens against forecasts in June

Barclays: All eyes on Jackson Hole - eFXnews

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