Session Recap: USD softer in holiday-thinned trade

FXstreet.com (Córdoba) - The USD trades a touch softer against major competitors, with the main exception of the yen, although it has managed to cut some losses during the European session.

In holiday-thinned trade due to the US Thanksgiving Day, the EUR/USD is trading around 1.3600, having hit a peak of 1.3617, with Eurozone confidence data coming in above expectations. Meanwhile, GBP/USD reached its highest since January at 1.6353 after the BoE announced the end of its mortgage support program. The USD/JPY printed a fresh 6-month high of 102.36 in slow trade.

The AUD is among the best performers, recovering ground and snapping a 6-day losing streak, with the AUD/USD reaching a peak of 0.9149 before easing slightly.

Main Headlines in Europe:

Switzerland: GDP rises 1.9% in Q3

Germany: Import Price Index drops 0.7% in October

European open: Low Thanksgiving volumes, German jobs numbers

Germany: Unemployment rises by 10K in November

EMU: M3 Money Supply up 1.9% in October

EMU: Consumer Confidence soars to 15.4 in November

BoE Carney shifts lending focus from home buyers to SMEs as house prices accellerate

Continued freeze of Eurozone lending could push the ECB to act

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