Session Recap: EUR and GBP underperform

FXStreet (Córdoba) - The USD is trading mixed Tuesday with commodities and high-yielding currencies advancing and European currencies underperforming, led by the euro which is correcting last week's post-ECB gains.

The EUR/USD came under pressure and fell to the 1.3830 zone, pulling back from a 2-year high of 1.3914 scored last week. The GBP/USD also retreated and briefly dipped below the 1.6600 mark following disappointing Industrial production data for the UK. The USD/JPY is largely unchanged around 103.30 while the AUD/USD has given up intraday gains and trades around 0.9020.

During the New York session, watch for Redbook index and January wholesale inventories data.

Main Headlines in Europe:

Germany Current Account n.s.a. fell from €21.1B to €16.2B in January


Flash: ECB not happy with EUR strength - Danske Bank

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

International leaders continue talks on Ukraine as crisis lingers

Gold firmer near $1,350

BoE's Carney expects gradual rise in interest rates up to 2.5% over next three years

United Kingdom Industrial Production (MoM) came in at 0.1% disappointing forecasts (0.2%) in January; 2.9% (YoY)