FXstreet.com (Buenos Aires) - By the end of the American session, Euro and Gbp managed to recoup part of the ground lost early Thursday, after U.S. stocks surged above the 8100 level, its highest level since past February. Indeed risk sensitive currencies fell during most part of the day, erasing past sessions winnings, on fading optimism after China GDP and bad data in the U.S. Despite optimism seems to be surging, range, choppy trading still rules the forex market unable to find direction, following the lack of economic clues across the world.
Overall, dollar had a positive day: the Euro continued its recent downward tone closing below the 1.3200 level, after reaching a fresh intra week low at 1.3126. Gbp close the day also lower, after 3 positive days, and from a technical perspective, actual movement could well be consider a correction. Japanese yen is unchanged from past Asian session opening, while small dollars, like Cad and Aud, are also retrieving after reaching multi-week highs.
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