US June NFIB Business Optimism Index decreases to 93.5 vs 94.4 (May)

Jul 9, 2013

USD/CAD erases daily losses

The USD/CAD managed to reverse intraday losses during the second half of the European session after hitting a low of 1.0527 amid some profit taking.

Session Recap: USD mixed, GBP slumps on weak data

The main feature of the session was Sterling weakness with GBP/USD falling to fresh 4-month lows on the back of weak industrial production data and a wider-than-expected trade deficit.