Session recap: EUR/USD trades in range while USD declines against AUD and CAD

FXstreet.com (San Francisco) - The US Dollar was trading lower on the day except, obviously, against the Euro. The Cypriot crisis capped any euro progress attempt and the EUR/USD traded in range between 1.2840 and 1.2880 in the Tuesday session. But against commodity currencies such as the Aussie and the the Loonie.

The AUD/USD tested the 1.0500 after rising 0.30% on the day and currently is closing at 1.0485. The USD/CAD dropped 60 pips on the day from the 1.0220 area to test February 22dn low at 1.0160 where the pair remains at this moment.

Main headlines in the American Session:

American equity markets recover Tuesday

US: Consumer Confidence yields figure of 59.7 in March

US: New Home Sales (MoM) reveal 0.411M in February

Forex: USD/CAD testing support at 1.0185 after weak US consumer confidence

Commodities Brief – Gold loses grip on 1600 support, crude oil holds above 95.00

Forex: AUD/USD jumps to 2-month highs at 1.0495

European Parliament considers bailing-in large depositors

Forex: EUR/USD glued to 1.2850/55

Forex: USD/JPY trading sideways at 94.25/26

Forex: US Dollar index up above 83.00

Fitch places Cyprus on rating watch negative

Forex: USD/JPY rises above 94.50

Forex: EUR/USD hovering over 1.2860

Wall Street rises despite bad US data and Cyprus

Forex: USD/CAD tests 1.0160