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Session Recap: USD and JPY gain on risk aversion

FXStreet (Córdoba) - Risk aversion was the theme of the day, with the dollar and the yen rising versus its rivals amid political tensions in Ukraine and Russia.

The EUR/USD extended losses to a 2-week low of 1.3642 while the GBP/USD fell to 1.6615. The USD/JPY came under strong pressure and broke below 102.00 while the Aussie is underperforming following soft CAPEX data although it managed to find support ahead of the 0.8900 psychological level.

During the New York session watch for durable goods orders, jobless claims.

Main Headlines in Europe:


Switzerland: GDP grows less than expected in Q4

Germany: Import Price Index falls 0.1% in January

Flash: What’s the sentiment around the EUR/USD today? – Commerzbank and Dasnke Bank

Switzerland: Employment level down to 4.189M in Q4

Germany: Unemployment falls by 14K in February

EMU: M3 Money Supply up 1.2% in January

European open: a busy day of Eurozone data

EMU: Consumer Confidence at -12.7 in February, as projected

USD/CAD flat near 1.1130

The USD/CAD upside is taking a breather on Thursday, now meandering around a narrow 1.1120-1.1140 range...
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Germany Harmonised Index of Consumer Prices (MoM) up to 0.5% in February. (YoY) up 1%.

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