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9 Jun 2014
Session Recap: Euro reverses intraday gains
FXStreet (Córdoba) - It has been a lively European session with the EUR/USD rallying to fresh highs only to give up gains soon after as investors continue to assess European Central Bank (ECB) policy measures.
After hitting a high of 1.3668, the EUR/USD took an U-turn and dropped to a low 1.3615 weighed by disappointing Eurozone confidence data. The Cable shows a similar picture as the GBP/USD erased intraday gains after being rejected by a high of 1.6832 to trade flat at 1.6805.
Elsewhere, USD/JPY and USD/CAD are little changed at 102.50 and 1.0925 respectively while the Australian dollar is among the best performers Monday, having hit a 1-month high of 0.9362 before losing momentum.
The calendar is pretty much empty for the rest of the day, with many European countries on Whit Monday and only a couple of short-term notes auctions taking place in the US.
European equities managed to advance slightly while US futures are a tad lower from Friday
Main Headlines in Europe:
Break above 1.3680 required to confirm upward EUR/USD movement - FXStreet
European Monetary Union Sentix Investor Confidence below expectations (13.2) in June: Actual (8.5)
What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank
After hitting a high of 1.3668, the EUR/USD took an U-turn and dropped to a low 1.3615 weighed by disappointing Eurozone confidence data. The Cable shows a similar picture as the GBP/USD erased intraday gains after being rejected by a high of 1.6832 to trade flat at 1.6805.
Elsewhere, USD/JPY and USD/CAD are little changed at 102.50 and 1.0925 respectively while the Australian dollar is among the best performers Monday, having hit a 1-month high of 0.9362 before losing momentum.
The calendar is pretty much empty for the rest of the day, with many European countries on Whit Monday and only a couple of short-term notes auctions taking place in the US.
European equities managed to advance slightly while US futures are a tad lower from Friday
Main Headlines in Europe:
Break above 1.3680 required to confirm upward EUR/USD movement - FXStreet
European Monetary Union Sentix Investor Confidence below expectations (13.2) in June: Actual (8.5)
What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank