Session Recap: USD trades lower as Wall Street goes to record highs

FXstreet.com (San Francisco) - The Greenbank traded lower on Thursday as the US dollar has lost ground against its majors competitors. The EUR/USD recovered the 1.2800 level, the GBP/USD Advanced to test the 1.5200 frontier and the USD/JPY declined to the 94.00 zone. The Aussie traded its second negative day in row but the USD/CAD moved sideways.

Italy has been unable to form government and president Napolitano will lead the negotiations on Friday. Slovenia is becoming in something more than a concern and Cyprus remains Cyprus.

On equities, Wall Street closed Thursday with gains as investors traded confidence on US recovery, with additional QE, but with an eye on Cyprus. The Dow has posted its best quarter since 1998 after climbing 11% and the The Standard & Poor's 500-stock index closes all time high of 1,569.19.

Main headlines in the American Session:

American equity markets virtually unchanged at opening

US: Chicago PMI fell to 52.4 in March

Forex: EUR/USD consolidates above 1.2800

Forex: GBP/USD bounces back on US data

Commodities Brief – Precious metals falter, crude surges forward toward 97.00

Cypriot deposits ahead of banking crisis reveal capital flight

Forex: EUR/USD at highs of 1.2845 during NY session

Forex: USD/JPY testing the 94.00 level

Forex: USD/CAD side-lined around 1.0160/65

Forex: GBP/USD trades above 1.5185 and focus on 1.5200

Forex: US Dollar Index supported at 83.00

Bersani informed Napolitano he can't form government

Wall Street closes higher with the S&P at record high