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Session Recap: Ugly US data weight the Dollar; USD/JPY remains below 100.00
FXstreet.com (San Francisco) - The Greenback traded lower on Wednesday against its major competitors as investors were cautious on the back of an ugly US durable goods data that surprised market. Italy has done a new step to normalization after president Napolitano called Enrico Letta to form government.
The EUR/USD recovered losses from 1.2950 to trade above the 1.3000 level again; The GBP/USD moved sideways between 1.5240 and 1.5270 during almost all the session. The USD/JPY advanced a little more on its 100.00 conquest and currently it's trading at 99.60.
Main headlines in the American session:
US: Durable Goods Orders fell 5.7% in March
Enrico Letta named Italian PM
American equity markets edge higher despite weak US durable goods
Yen crosses under pressure as US equity indices trade near lows
