Session Recap: Currencies consolidate yesterday's levels; everybody waits Italy

FXstreet.com (San Francisco) - The USD traded lower on Thursday but not too much as currencies remained around Wednesday closes. Market was waiting for Italy resolutions but the Italian parties didn't reach an agreement. Weak US fundamental data pressured the risk appetite to the down and investors kept the cautions mode across the day.

Meanwhile, the German parliament approved the rescue package for Cyprus today. The vote fueled the sentiment and the Euro rose but, as said before, US data wasn't good to sustain the confidence. However this success, Europe is still waiting for a government in Italy.

Main headlines in the American session:

US: Initial Jobless Claims rose to 352K

Bundestag gives the green light to the Cypriot bailout

Commodities Brief – Gold prices capped at 1400 barrier, crude loses grip on 88.00 level

American equity markets continue to slide Thursday

US: Philadelphia Fed Manufacturing Survey disappoints at 1.3 in April

US: CB Leading Indicator contracts by -0.1% in March against expectations

Rumors of French banking trouble hitting EUR

Shares of SocGen hit hard

EUR/USD reverses losses; testing session highs

ECB’s Weidmann warns of FX manipulation

Italian parliament fails to elect president on second ballot

Forex: GBP/USD back below 1.5300

Forex: GBP/USD back below 1.5300

ForexLive Americas wrap: Chop chop

Wall Street closes sharply lower