Forex headlines for April 29, 2013:

  • US March pending home sales +1.5% vs +1.0% exp m/m
  • German April CPI -0.5% vs -0.2% exp m/m
  • US March core PCE 0.0% vs 0.1% exp m/m
  • Bank of Italy warns of rising bad loans
  • S&P sees Letta slowing austerity, not reverse it
  • US Dallas Fed April mfg output index -0.5 vs 9.9 in March
  • Reports of missiles fired at Russian passenger jet
  • S&P 500 up 11 points to 1593 — fractionally higher than mid-April record close
  • NZD leads, USD lags

The euro poked up to 1.3117 in US trading but it was a generally quiet session for the pair as it traded in a 30 pip range and will close around 1.3100.

With Japan on holidays it was also a quiet day in USDJPY. The early going saw a rise to 98.19 but the pair has edged back to 97.92.

The main thrust of the day came in the commodity currencies as the piggybacked on rallies in stocks and commodities. The Canadian dollar was particularly strong in North American trading, sending USDCAD down to 1.0116 from 1.0145. The Australian dollar chopped up to 1.0350.

Gold up $9 to $1471 on the day but all the gains came in early Asian trading.