12 Jul 2013
Session Recap: The USD declines on risk appetite
FXstreet.com (San Francisco) - The Greenback traded lower on Thursday, the day after Bernanke. With a new wave of risk appetite following the chairman words and the ongoing QE hopes, the EUR/USD rose to test the 1.3200 area and it closed the day around 1.3100.
The GBP/USD rallied around 200 pips on the day from the 1.5000 area to test the 1.5200 level and it finished the day just below it. The USD/JPY extended declines from the 99.00 level and tested the 98.25 as July low. Currently the pair is trading at 99.00.
Main headlines in the American session:
US: Initial Jobless Claims rose to 360K
US: Import Price Index rose 0.2% YoY in June
Canada: New Housing Price index up 0.1% MoM in May
Gold producing fireworks today
Commodities Brief – Precious metals attempt to hold onto overnight gains
US federal budget surplus exceeds expectations
Portugal requests delay in Troika bailout review due to political situation
Wall Street rallies on Thursday by the hand of Bernanke
The GBP/USD rallied around 200 pips on the day from the 1.5000 area to test the 1.5200 level and it finished the day just below it. The USD/JPY extended declines from the 99.00 level and tested the 98.25 as July low. Currently the pair is trading at 99.00.
Main headlines in the American session:
US: Initial Jobless Claims rose to 360K
US: Import Price Index rose 0.2% YoY in June
Canada: New Housing Price index up 0.1% MoM in May
Gold producing fireworks today
Commodities Brief – Precious metals attempt to hold onto overnight gains
US federal budget surplus exceeds expectations
Portugal requests delay in Troika bailout review due to political situation
Wall Street rallies on Thursday by the hand of Bernanke