Session Recap: USD softer to start the week

FXstreet.com (Córdoba) - The week started quietly in the FX market, with the USD only slightly weaker and major pairs consolidating within last week's ranges as investors continue to digest Friday's NFP report.

The EUR/USD rose to the 1.2860 area, while GBP/USD is struggling to overcome the 1.4900 mark. Elsewhere, USD/JPY is a touch softer around 101.20, having retreated from a peak of 101.53, while commodity currencies are outperforming.

Main Headlines in Europe:

Switzerland: Unemployment Rate flat at 3.2% in June

Germany: Trade surplus narrows against to €14.1B in May

Switzerland: Industrial Production jumps by 3% in Q1

Greece expected to reach last minute deal with the Troika

EMU : Sentix Investor Confidence deteriorates further in June

Troika approves Greek reform plan

Germany: Annual Industrial Production drops by 1% in May