Session Recap: The USD in between Ukraine and housing data

FXStreet (San Francisco) - Currency market was smeared by risk aversion earlier in the session on the back of news from Ukraine and the statements crossing between Russia and the United Stated; however, US upbeat housing data revived the market.

Firstly, the USD rallied across the board on the back of risk aversion amid Ukraine, but housing data made the market to turn back from previous movements. The EUR/USD fell to nearly 2-week lows at 1.3660 and to close its first daily decline in four days.

The GBP/USD declined from 1.6700 to bounce at 1.6625 where the pair started a recovery to the 1.6670, place where it is resting now. The USD/JPY remained trading in the 102.00/102.60 range of the last days.

Main headlines in the American session

Ukrainian hryvnia hits record low against the greenback

Russia says taking steps to ensure security of Black Sea facilities

Russia orders military readiness tests following outbreak of protests in Ukraine's Crimea

US: New Home Sales climb to 468K in January

Wall Street closes with gains amid US housing data