Session Recap: Dollar gets some relief ahead of holidays

FXStreet (San Francisco) - The US dollar was the session's winner as upbeat economic data and bullish momentum in Wall Street fueled the Greenback that posted gains versus Yen, Aussie and Canadian Dollar and at least it didn't perform losses against the Euro and Pound.

Early on the day, the EUR rose above 1.3850 while the GBP established a fresh 4-year high at 1.6840; however investors decided to take its profits ahead of the long Easter weekend and the pair retraced to the 1.3800 neighborhood.

The EUR/USD closed almost flat on the day just above the 1.3800 area; while the GBP/USD was unable to hold 4-year highs as the cable retraced to opening prices, it finished almost flat too.

On the other side, USD/JPY advanced for fifth day to test the 102.50 area that contained the pair. Since April 11, the USD/JPY has advanced above 110 pips to Thursday's close at 102.40.

And Gabriel García Marquéz die at 87, on Holy Thursday as his Úrsula Iguarán, a sad news for literature lovers and dreamers...

Major headlines in the American session

Canadian CPI rises 0.6% in March, up 1.5% on year

US weekly jobless claims rise 4k to 304k

Philly Fed index rises to 16.6 in April, well ahead of forecasts

Wall Street closed mixed as the Dow oscillated but closed down