Session recap: Another winning day for the USD

The Greenback is the winner of the day and after being fueled by the better than expected retail sales in the US, the US dollar traded higher against its major competitors. The EUR/USD closed the day below the 1.3000 level bu the GBP/USD traded slightly higher on the day. The USD/JPY recovered early losses to close the day with positive note.

The dollar index rose to fresh 2013 highs in the boundaries of the key resistance of 83.00.

Main Headlines in America (in chronological order):

US: Retail Sales surprises at 1.1% in February

Forex: GBP/USD falls on US retail sales

Forex: USD/JPY pops up above 96.00 after US retail sales

Forex: EUR/USD hits fresh 3-month low beneath 1.2950

American equity markets open negatively despite upbeat Retail sales

Commodities Brief – Precious metals consolidate gains after upbeat US data, crude testing 93.00 support

Forex: AUD/USD falls below 1.0300

Eurogroup talks on Cyprus at Friday meeting might be unofficial

Forex: GBP/USD erases most gains on US session, held by 1.4915/20

Forex: EUR/USD stabilizing at 1.2950

Fundamental Afternoon Wrap: GBP bucks the trend as the strongest performer of the day

Forex: GBP/USD keeps the mood above 1.4900

Forex: AUD/USD found support at 1.0280; back to 1.0300

Forex: EUR/USD bouncing off lows, around 1.2955/60

The RBNZ leaves unchanged its interest rate at 2.5%

Forex: AUD/NZD reaches 2-month high after RBNZ

Forex: AUD/USD falls below 1.0300

Forex: NZD/USD falls to 2013 lows following RBNZ rate