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17 Jun 2013
Session Recap: USD advances on a choppy day
FXstreet.com (San Francisco) - The Greenback trade higher on Monday against is major competitors except the Euro, how joined the talks on QE tapering to advance to the highest level since June 13 at 1.3380.
The market was focused on Wednesday's Fed economic Outlook, however, as FXbrief's analyst Jamie Coleman said in a early report, "the market has no clue what the Fed’s gonna do, and even if they did, they won’t know what to buy or sell on the news. In this line, the dollar's rise was limited.
The GBP/USD was capped at 1.5750 and launched to 1.5680, now it's trading at 157.20. The USD/JPY recovered some ground to hold the 94.00 position and now it's closing the day at 94.45. The AUD/USD extended decline to test the 0.9500 area and the USD/CAD tested the 1.0200 level.
Main headlines in the American session:
US: NY Empire State index rose to 7.84 in June
Canadian home price index +3.6% in may
G8 leaders say economic prospects remain weak but downside risks have been reduced – RTRS
Fed to hint tapering is close
Wall Street posts gains but tapering is weighting
German economy to slow this summer, warns Bundesbank
The market was focused on Wednesday's Fed economic Outlook, however, as FXbrief's analyst Jamie Coleman said in a early report, "the market has no clue what the Fed’s gonna do, and even if they did, they won’t know what to buy or sell on the news. In this line, the dollar's rise was limited.
The GBP/USD was capped at 1.5750 and launched to 1.5680, now it's trading at 157.20. The USD/JPY recovered some ground to hold the 94.00 position and now it's closing the day at 94.45. The AUD/USD extended decline to test the 0.9500 area and the USD/CAD tested the 1.0200 level.
Main headlines in the American session:
US: NY Empire State index rose to 7.84 in June
Canadian home price index +3.6% in may
G8 leaders say economic prospects remain weak but downside risks have been reduced – RTRS
Fed to hint tapering is close
Wall Street posts gains but tapering is weighting
German economy to slow this summer, warns Bundesbank