Session Recap: USD steady ahead of US data

FXStreet (Córdoba) - The USD trades steadily within recent ranges versus major competitors as investors await more US data for clues on the economic recovery.

The EUR/USD advanced toward the 1.3760 area but once again lacked strength to clear the 1.3760/80 resistance area and pulled back. The GBP/USD advanced above 1.6700 underpinned by BoE McCafferty comments, but momentum faltered. The USD/JPY retreated a tad, but remains confined to a range.

During the New York session watch for consumer confidence data, Richmond Fed Business Activity survey and S&P/Case-Shiller Home price Indices.

Main Headlines in Europe:

Flash: What’s the sentiment around the EUR/USD today? – Commerzbank and Danske Bank

Germany: Quarterly GDP grows 0.4% in Q4

European open: Asian volatility subdued despite RMB fixing lower

UK: BBA Mortgage Approvals tick up to 50.0K in January

Pound rises to day's high on BoE McCafferty's interest rate hike comments

Commodities: China demand concerns continue to weigh in prices