Session Recap: USD mixed as Syria fears ease

FXstreet.com (Córdoba) - The US dollar is narrowly mixed, having rallied against the yen but lower versus higher-yielder as market sentiment improves helped by receding expectations A US strike on Syria and after better-than-expected Chinese data.

The euro and the pound are marginally lower against the greenback but holding onto yesterday’s steep gains. EUR/USD was last down 0.1% around 1.3240 while GBP/USD is little changed on the day hovering at the 1.5690/1.5700 zone.

The USD/JPY rallied back above the 100.00 mark and reached its highest in almost 7 weeks at 100.36, propelled by easing fears of a strike on Syria. Elsewhere, the AUD and the CAD trade at multi-week highs versus the USD at 0.9285 and 1.0345 respectively.

Main Headlines in Europe:

China's economic indicators keep beating expectations

Will lack of data flow Tuesday allow “risk-on” trade to continue unabated?

Commodities declined on easing fears of war in Syria

European equities cannot match Asian fortitude, USD/JPY hits 100.00

Flash: What lies ahead of the EUR/USD? – Commerzbank and Danske Bank

Russia makes bid to defuse Syrian tensions

Syrian fallout could dictate next Fed Chairman

IMF's Lagarde urges EU to complete banking union