US Feb Reuters/Michigan Consumer Sentiment Index increase to 76.3

Feb 15, 2013

Forex: USD/CAD rallies after US and Canada data

From 1.0025 area, that was serving as resistance during the European morning, the USD/CAD broke through and rallied to as high as 1.0067 on Canada and US data releases.

Session Recap: G20 comments boost yen crosses, EUR/USD benefits

The session was driven mainly by G20 headlines and some officials' comments. The yen initially strengthened on expectations members of the group of nations could pledge not to target FX rates, but weakened after those expectations were smashed. G20 said just wants to avoid excessive FX volatility, disorderly movements. Much better-than-expected US manufacturing data and Bernanke upbeat comments helped to boost the greenback. Meanwhile, the EUR/USD was dragged higher by the EUR/JPY spike.