Session Recap: King USD advances further

FXstreet.com (San Francisco) - Another day and another positive day for the Greenback as better than expected US data fueled sentiment and risk appetite with the dollar advancing against all its major competitors.

The EUR/USD declines to test the 1.2800 level, fresh lowest level since April 4th. The GBP/USD broke below the 1.5175 level to reach a fresh lowest since April 4th too at 1.5155. The USD/JPY advanced further and it climbed to the highest level since August 2008 at 103.30.

The AUD/USD continued with its downtrend as the pair collapsed further to 0.9710, lowest since June 2012.

Main headlines in the American session:

US Reuters/Michigan Consumer Sentiment Index grows to 83.7 in May from 76.4 in Apr

US: The Reuters/Michigan Consumer Sentiment Index up to 83.7 in May

US leading indicators +0.6% vs +0.2% expected

Troika releases upbeat report on Greece

Fitch downgrades Slovenia to 'BBB+'; Negative Outlook

Wall Street rallies on upbeat economic data