2 Jul 2013
Session Recap: USD rises as sentiment ebbs
FXstreet.com (Córdoba) - The dollar is mostly stronger against the major currencies as risk sentiment deteriorated increasing its safe-haven appeal.
The EUR/USD weakened during the European session and fell to daily lows in the vicinity of 1.3010, although the pair remains trapped within the 1.3000/1.3100 range. The GBP/USD also fell, piercing below the 1.5200 mark, while USD/JPY continued to move higher but remained capped by 99.90.
The Australian dollar came under pressure and dropped below 0.9200 after the RBA decided to keep its policy unchanged. Elsewhere stocks were broadly lower in Europe but US futures pointed for a positive opening.
In the calendar, US May factory orders, June New York ISM, and June vehicle sales will be reported later today.
Main headlines in Europe:
Flash: What lies ahead of the EUR/USD? – UBS and Commerzbank
Spain: Unemployment falls by 127.2K in June
UK: PMI Construction slightly up to 51 in June
EMU: Annual PPI falls in May against expectations
Greece given 3-day deadline to show reform commitment
The EUR/USD weakened during the European session and fell to daily lows in the vicinity of 1.3010, although the pair remains trapped within the 1.3000/1.3100 range. The GBP/USD also fell, piercing below the 1.5200 mark, while USD/JPY continued to move higher but remained capped by 99.90.
The Australian dollar came under pressure and dropped below 0.9200 after the RBA decided to keep its policy unchanged. Elsewhere stocks were broadly lower in Europe but US futures pointed for a positive opening.
In the calendar, US May factory orders, June New York ISM, and June vehicle sales will be reported later today.
Main headlines in Europe:
Flash: What lies ahead of the EUR/USD? – UBS and Commerzbank
Spain: Unemployment falls by 127.2K in June
UK: PMI Construction slightly up to 51 in June
EMU: Annual PPI falls in May against expectations
Greece given 3-day deadline to show reform commitment