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US session in a snapshot - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that market players chose to dump the greenback for second day in a row, following the release of more tepid US data.

Key Quotes:

"With no relevant fundamental releases in the European session, the focus has been in Australian employment up beating data that fuelled demand of high yielders during the last Asian session, and weak American figures."

"In the US, weekly unemployment claims rose to 294K in the week ending April 10, whilst the construction of new houses and building permits for March increased less than expected."

"Also, the country released its Philadelphia Manufacturing Survey for April, the only positive number of the day at 7.5. But it was not enough to revert dollar bearish course, particularly after FED's Lockhart stated that he sees possible advantages in waiting for stronger data before rising rates, and the price of oil jumped to fresh year highs."

EUR/USD briefly rises above 1.0800

EUR/USD climbed further and reached its highest level in 8 days as the dollar resumed its slide during the American session, feeling the pressure of disappointing US economic data.
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USD/JPY: Selling the rallies - CB

Karen Jones, chief analyst at Commerzbank noted the conditions surrounding USD/JPY.
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