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21 Jun 2013
Session Recap: USD takes a breather after a 2-day rally
FXstreet.com (Córdoba) - Europe saw a rather quiet session on Friday as markets take a breather after the Fed-driven moves.
The USD consolidates in ranges versus most competitors after the rally seen over the last 2 days paused while investors take profit into the weekend. That helped the EUR/USD to recover from a 2-week low scored on Thursday.
The EUR/USD euro was steady at the 1.3200/15 zone, but well below Wednesday's 4-month high of 1.3413 struck just before Bernanke's speech. Meanwhile, GBP/USD has resumed the decline after a limited recovery, and it is presently around 1.5440. USD/JPY is attempting to extend gains, but 98.15 has capped the upside today.
Main Headlines in Europe:
BoJ's Kuroda: Japanese economy is improving
EMU: Current Account surplus narrows to €19.5B in April
UK: Public Sector Net Borrowing grows to £10.535B in May
European equities rebound after yesterdays plunge
The USD consolidates in ranges versus most competitors after the rally seen over the last 2 days paused while investors take profit into the weekend. That helped the EUR/USD to recover from a 2-week low scored on Thursday.
The EUR/USD euro was steady at the 1.3200/15 zone, but well below Wednesday's 4-month high of 1.3413 struck just before Bernanke's speech. Meanwhile, GBP/USD has resumed the decline after a limited recovery, and it is presently around 1.5440. USD/JPY is attempting to extend gains, but 98.15 has capped the upside today.
Main Headlines in Europe:
BoJ's Kuroda: Japanese economy is improving
EMU: Current Account surplus narrows to €19.5B in April
UK: Public Sector Net Borrowing grows to £10.535B in May
European equities rebound after yesterdays plunge