Session Recap: USD a tad higher in uneventful trade

FXStreet (Córdoba) - A pretty quiet European morning has seen majors consolidating in familiar ranges, with the dollar strengthening a tad versus the euro and the pound.

Having spent most of the day within a narrow range, the EUR/USD is facing some bearish pressure and has dropped back below 1.3700. The GBP/USD is nearly flat at the 1.6790, having failed to hold gains above 1.6800.

On the other side of the board, the USD/JPY remains near recent lows at the 101.40 area, while the AUD/USD advances slightly to trade at 0.9360.

In the Eurozone stocks are trading mostly in red, extending losses into a third session, amid concerns about Ukraine, while in the US futures point to a lower opening following last days’ selloff, weighed by disappointing earning reports.

During the New York session, watch for Apr housing starts and the Reuters/Michigan consumer confidence index.

Main Headlines in Europe:

US calendar takes centre stage on Friday – Danske Bank

Asia EM Express: Sensex, rupee soar as early election results in India point to BJP victory

European Monetary Union Trade Balance s.a. below forecasts (€17.3B) in March: Actual (€15.2B)

What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank

PBoC issues set of rules on interbank lending

European indices in red, Ukraine weighs