Session Recap: USD trades lower; AUD/USD rockets

FXstreet.com (San Francisco) - The Greenback traded lower on Thursday against its major rivals but mostly in range against the Euro and the Pound. However, the Yen and the Aussie posted big advances against the Dollar. The USD/JPY collapsed from 96.00 opening area to trade below the 95.00 area.

The AUD/USD rallied from 1.0365 in the Asian session to tests 6-week highs at 1.0460. The USD/CAD traded lower to 1.0195 in the European session, but the pair managed to recover ground and trade at 1.0250. The US Dollar Index is grinding lower and navigating below the 83.00 figure.

Main headlines in the American Session:

American equity markets pull back Thursday

Forex: GBP/JPY falls to test 144.00 level

Commodities Brief – Gold capped at 1614, silver regains 29.00 level

US: CB Leading Indicator up 0.5% in February

US: Existing Home Sales rose 0.8% to 4.98M in February

US: Philadelphia Fed Manufacturing Survey rises from -12.5 to 2 in March

Forex: GBP/USD rebounds towards 1.5155/61

Forex: EUR/USD dives back to lows as US session unfolds

Cyprus government proposes setting up investment fund to secure bailout

Forex: EUR/USD bounces with support at 1.2880

Forex: USD/JPY testing 95.00 level

Forex: USD/CAD trimming losses from 1.0200

Forex: AUD/USD jumps above the 1.0400 to 6-week highs

Bernanke’s comments portend exit

Forex: GBP/USD consolidates gains below 1.5200

Dimitriadis presents a resolution process to the Cypriot Parliament

Forex: US Dollar Index flat below 83.00

Forex: EUR/USD threatening 1.2900

S&P downgrades Cyprus rating to CCC; Outlook is negative

Wall Street closes lower on Cyprus fears and earnings releases