27 Jun 2013
Session Recap: EUR/USD little changed, GBP/USD falls
FXstreet.com (Córdoba) - Sterling weakness was the main feature of the European session in the wake of a downward revision to the UK GDP for the first quarter. GBP/USD dropped sharply and hit its lowest in over 3 weeks at 1.5261.
Meanwhile, the EUR/USD was flat around 1.3000, with better-than-expected German employment data and EMU confidence surveys having little impact.
Elsewhere, USD/JPY rose above the 98.00 mark, while USD/CHF touched a fresh 3-week high of 0.9462. The greenback remained little changed against commodity currencies.
Main Headlines in Europe:
Germany: Import Price Index drops more than expected in May
Germany: Unemployment falls by 12K in June against expectations
EMU: M3 Money Supply up 2.9% in May
UK: GDP grows 0.3% in Q1, as expected
UK: Current Account deficit widens to £14.512B in Q1
EMU: Consumer Confidence up to -18.8 in June, as expected
Italian borrowing costs rise at debt auction
Flash: What does the EUR/USD have to offer? – Commerzbank and UBS
Meanwhile, the EUR/USD was flat around 1.3000, with better-than-expected German employment data and EMU confidence surveys having little impact.
Elsewhere, USD/JPY rose above the 98.00 mark, while USD/CHF touched a fresh 3-week high of 0.9462. The greenback remained little changed against commodity currencies.
Main Headlines in Europe:
Germany: Import Price Index drops more than expected in May
Germany: Unemployment falls by 12K in June against expectations
EMU: M3 Money Supply up 2.9% in May
UK: GDP grows 0.3% in Q1, as expected
UK: Current Account deficit widens to £14.512B in Q1
EMU: Consumer Confidence up to -18.8 in June, as expected
Italian borrowing costs rise at debt auction
Flash: What does the EUR/USD have to offer? – Commerzbank and UBS