Session Recap: USD trims losses versus JPY and EUR

FXstreet.com (Córdoba) - The dollar recovered some lost ground against the yen and the euro on Wednesday after a sharp selloff the previous day, although market participants remained cautious amid speculations of stimulus withdrawal from the Fed.

However, the greenback trades lower against the CAD and the AUD, which are among the best performers in the FX space, supported by better market mood.

Looking ahead, markets will be closely looking the second day of the German Constitutional Court hearing on the ECB OMT program.

Main Headlines in Europe:

Germany: Annual CPI climbs 1.5% in May

UK: Claimant Count Change falls by 8.6K in May

EMU: Annual Industrial Production drops 0.6% in April

Commodities Brief – Precious metals held in narrow consolidation, crude bearishness prevails

European equities recover Wednesday