Session Recap: Dollar mixed, commodity currencies gain

FXstreet.com (Córdoba) - The dollar strengthened further during the European session, especially versus its European peers, following solid US data the previous day and as investors await the final GDP reading for Q1.

EUR/USD fell to a fresh 3-week low of 1.3013, weighed by dovish comments from European Central Bank president Mario Draghi, who noted downside risks to growth and said monetary policy would remain accommodative.

GBP/USD fell to the 1.5350 area while USD/CHF rose above 0.9400. USD/JPY trades virtually unchanged on the day, trading around 97.75, having spent the last sessions mostly between the 97.00 and 98.00 levels.

Despite broad USD strength and metals' fall, commodity currencies were doing well, with the AUD, the NZD and the CAD even managing to score slight gains.

Main Headlines in Europe:

The Greenback awaits next catalyst

Germany: Gfk Consumer Confidence Survey improves slightly in July

Switzerland: UBS Consumption Indicator unchanged at 1.46 in May

France Gross Domestic Product (QoQ) stays unchanged at -0.2% in 1Q

Draghi urges EU governments to stimulate growth

Gold plummets