9 Dec 2013
Session Recap: USD mixed, EUR/USD hits 6-week high
FXstreet.com (Córdoba) - The dollar trades mixed across the board but lower versus European peers Monday as market assess last week's data, including strong US GDP revision and above-forecast employment figures.
The euro and the sterling strengthened, with EUR/USD reaching a fresh 6-week high of 1.3728 supported by solid Chinese data. The GBP/USD however, failed to break above the .6390/1.6400 resistance area and entered in a consolidative stage. The USD/JPY was little changed just above 103.00.
The Aussie and the Kiwi are among the worst performers despite Chinese data with the AUD/USD sliding below 0.9100 and the NZD/USD falling beneath 0.8300.
The calendar remains pretty light for the rest of the day, with BoE Governor Carney and some Fed members due to speak.
Main Headlines in Europe:
Switzerland: Unemployment Rate (Nov.) at 3.2%
Germany: Trade surplus (Oct) at €16.8 billion
Switzerland: Real Retail Sales (Oct.) up 1.2%
EMU: Sentix index (Dec.) fell to 8
Flash: USD heavy. Tapering is not tightening - BBH
Flash: EUR/USD consolidating above 1.3700. Where to now? – Commerzbank and UBS
Germany: Industrial Production (Oct.) fell 1.2% MoM
The euro and the sterling strengthened, with EUR/USD reaching a fresh 6-week high of 1.3728 supported by solid Chinese data. The GBP/USD however, failed to break above the .6390/1.6400 resistance area and entered in a consolidative stage. The USD/JPY was little changed just above 103.00.
The Aussie and the Kiwi are among the worst performers despite Chinese data with the AUD/USD sliding below 0.9100 and the NZD/USD falling beneath 0.8300.
The calendar remains pretty light for the rest of the day, with BoE Governor Carney and some Fed members due to speak.
Main Headlines in Europe:
Switzerland: Unemployment Rate (Nov.) at 3.2%
Germany: Trade surplus (Oct) at €16.8 billion
Switzerland: Real Retail Sales (Oct.) up 1.2%
EMU: Sentix index (Dec.) fell to 8
Flash: USD heavy. Tapering is not tightening - BBH
Flash: EUR/USD consolidating above 1.3700. Where to now? – Commerzbank and UBS
Germany: Industrial Production (Oct.) fell 1.2% MoM