Session Recap: USD rises on Dollar pro-risk trade

FXstreet.com (San Francisco) - The Greenback rose on Tuesday as investors’ confidence on the US economy was fueled by the upbeat economic data in consumer confidence and housing prices. The EUR/USD lost the 1.2900 area and it is closing the day at 1.2850.

The GBP/USD fell to test the 1.5030 support area and the USD/JPY enjoyed the US yield environment to rocket above the 102.00 price. The AUD/USD declined to test multi-year lows around the 0.9600 and the USD/CAD climbed above 1.0400 to reach levels not traded since August 2012 at 1.0410.

Main headlines in the American session:

US S&P/Case-Shiller Home Price Indices (YoY) up to 10.9% in Mar from 9.3% in Feb

US: Consumer Confidence improves more than expected in May

US yields firming, approaching March highs at 2.09%

Moody’s upgrades US banking system outlook to stable from negative

Wall Street opens the week with strong note