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4 Jun 2013
Session Recap: Dollar recovers, Euro firmer
FXstreet.com (Córdoba) - The dollar trades mostly higher after the sharp selloff seen on Monday in the wake of the ISM manufacturing report, which dimmed prospects of the Fed tapering its QE program.
USD/JPY managed to rise back above the 100.00 mark as Nikkei soared 2%. The greenback also trimmed losses versus most competitors but the euro, which continues to consolidate just below 1.3100. The shared currency also advanced against the yen and the pound underpinned by the Spanish jobs improvement and shrugging off weaker PPI data.
Elsewhere, the Australian dollar fell to fresh lows sub 0.9700 after showing little reaction earlier when the RBA left rates on hold.
Main Headlines in Europe (in chronological order):
Spain May Unemployment Change up to -98.3 vs -46.1K in Apr.
UK: PMI Construction starts expanding in May
EMU: Annual PPI falls in April against forecasts
Commodities Brief – Gold held above 1400, targets upside at 1420, silver frozen between key consolidation points
IMF cuts German growth forecasts
European equities recover Tuesday
USD/JPY managed to rise back above the 100.00 mark as Nikkei soared 2%. The greenback also trimmed losses versus most competitors but the euro, which continues to consolidate just below 1.3100. The shared currency also advanced against the yen and the pound underpinned by the Spanish jobs improvement and shrugging off weaker PPI data.
Elsewhere, the Australian dollar fell to fresh lows sub 0.9700 after showing little reaction earlier when the RBA left rates on hold.
Main Headlines in Europe (in chronological order):
Spain May Unemployment Change up to -98.3 vs -46.1K in Apr.
UK: PMI Construction starts expanding in May
EMU: Annual PPI falls in April against forecasts
Commodities Brief – Gold held above 1400, targets upside at 1420, silver frozen between key consolidation points
IMF cuts German growth forecasts
European equities recover Tuesday