FXStreet (Córdoba) - The US dollar finished Friday and the week lower across the baord. Greenback weakened during the American session as stocks in the US rebounded and turned positive. The Kiwi, the Loonie and the Yen were the best performers.

The EUR/USD finished Friday barely below 1.3650, near weekly highs and moving away from the 1.3580, short-term support. The euro recovered versus the Swiss Franc and also climbed against the Pound on Friday, but EUR/GBP and EUR/CHF finished the week with marginal changes.

Among commodity currencies the Aussie was the worst performer but the AUD/USD managed to end above 0.9400. The USD/CAD dropped further below 1.0700 on Friday and bottomed at 1.0658, a fresh 5-month low. The NZD/USD finished flat on Friday but posted the highest weekly close since July 2011.

The yen was among the best performers favored by the break of the USD/JPY of the 101.70 support level. The pair finished trading in ranges around 101.30 and 101.50, having the worst week in months. Price action remains limited in Yen crosses but next week volatility could soar considering that key US economic data will be release, including Non-Farm payrolls.

Main headlines in the American session

USD/JPY consolidating below 101.50

EUR/USD better bid into closing hours

Euro-zone data mixed - BBH

GBP/USD holds onto 1.70 handle into closing hours

NZD/USD anchoring in for next weeks roller-coaster

AUD/USD falling back onto ascending support

Related Articles
  1. Forex Education

    Four Currencies Under the Spotlight in 2016

    With currencies having become the “tail that wags the dog,” in terms of their impact on the global economy, these four currencies will be under the spotlight in 2016.
  2. Forex Fundamentals

    These Currencies Are The Biggest Losers Of The Stock Downturn

    Here’s a list of the hardest-hit currencies amid the global stock market mayhem.
  3. Forex Strategies

    Will the Euro Continue to Rally? (EUO)

    The euro is rallying. Should investors chase this performance or is the real opportunity on the other side of the trade?
  4. Investing News

    China’s Forex Reserves Dropped Significantly

    China’s forex​ reserves dropped by a record $93.9 billion at the end of August to $3.56 trillion because the Central Bank has been selling dollars to provide a cushion to the falling yuan​
  5. Forex

    The Pros and Cons of a Fully Convertible Rupee

    Amid the rising economic power of India, the talks of making the Indian currency fully convertible are gaining momentum. We look at the pros and cons.
  6. Forex Fundamentals

    Chinese Yuan an Unlikely Reserve Currency

    As the world's second largest economy, China's challenge to America’s dominance includes a push to make the yuan (RMB), the world’s reserve currency. Whether it can do that now is unclear.
  7. Economics

    How Currency Enforcement Helped Sink The Trans-Pacific Partnership (TTP)

    One particular barrier to trade that has received much attention of late and caused delays in negotiations of the TPP is exchange-rate manipulation, by which a country artificially devalues its ...
  8. Forex

    Top U.S Forex News Sites

    Breaking news moves forex markets. Here are the top U.S. sites for tracking forex news.
  9. Investing

    Financial News Comparison: Bloomberg Vs. Reuters (BAC, GOOG)

    Access to financial information has grown with the expansion of digital news. Bloomberg and Thomson Reuters lead the pack, claiming a majority of the business information market.
  10. Economics

    Who Benefits From South Korea's Lowered Interest Rates?

    South Korea is the latest country to cut interest rates in an attempt to stimulate economic growth.
Trading Center