3 Jun 2013
Session Recap: Lower Greenback amid ongoing QE
FXstreet.com (San Francisco) - The big story today was the Dollar weakness as market players reacted to the weaker than expected ISM manufacturing index as the first hint for a Fed keeping the current pace of bond buying.
The Greenback declines against its major competitors as the EUR/USD jumped to touch levels above the 1.3100 and close around 1.3070; the GBP/USD is trading above the 1.5300 area and the USD/JPY extends decline to test the 99.00 area.
Main headlines in the American Session:
US May Markit Manufacturing PMI increase to 52.3
US: ISM Manufacturing PMI returns to contraction in May
US: Construction Spending up 0.4% in April
IMF cuts forecast for 2013 German growth to +0.3% vs +0.6% prev
Fitch cuts Cyprus to B-, negative outlook
Wall Street closes at session highs after recovering earlier losses
The Greenback declines against its major competitors as the EUR/USD jumped to touch levels above the 1.3100 and close around 1.3070; the GBP/USD is trading above the 1.5300 area and the USD/JPY extends decline to test the 99.00 area.
Main headlines in the American Session:
US May Markit Manufacturing PMI increase to 52.3
US: ISM Manufacturing PMI returns to contraction in May
US: Construction Spending up 0.4% in April
IMF cuts forecast for 2013 German growth to +0.3% vs +0.6% prev
Fitch cuts Cyprus to B-, negative outlook
Wall Street closes at session highs after recovering earlier losses