8 Aug 2013
Session Recap: USD extends losses, EUR/USD touches 1.3400
FXstreet.com (Córdoba) - The US dollar extended losses to fresh multi-week lows versus most competitors on Thursday following a soft US jobless claims report.
The EUR/USD peaked at 1.3400 after triggering stops on the break of 1.3370, while GBP/USD reached a 7-week high of 1.5573. The USD/JPY fell to a nearly 2-month low sub-96.00, while USD/CHF broke below 0.9200.
Meanwhile, commodity currencies firmed, propelled by strong Chinese trade data, with NZD/USD reaching a 10 day high of 0.8046, while AUD/USD broke above 0.9100. In Wall Street, indexes returned to positive ground following 3 session of losses.
Main Headlines in America:
US: Initial Jobless Claims rose to 333K
Canada: New Housing Price index up 0.2% MoM in June
US equities get on track with upbeat Jobless claims
Precious metals surge to intraday highs, gold above 1300.00
US sells 16B of 30-Year Bond at 3.652%
US markets advance on China, Fed’s taper timing
The EUR/USD peaked at 1.3400 after triggering stops on the break of 1.3370, while GBP/USD reached a 7-week high of 1.5573. The USD/JPY fell to a nearly 2-month low sub-96.00, while USD/CHF broke below 0.9200.
Meanwhile, commodity currencies firmed, propelled by strong Chinese trade data, with NZD/USD reaching a 10 day high of 0.8046, while AUD/USD broke above 0.9100. In Wall Street, indexes returned to positive ground following 3 session of losses.
Main Headlines in America:
US: Initial Jobless Claims rose to 333K
Canada: New Housing Price index up 0.2% MoM in June
US equities get on track with upbeat Jobless claims
Precious metals surge to intraday highs, gold above 1300.00
US sells 16B of 30-Year Bond at 3.652%
US markets advance on China, Fed’s taper timing