25 Jul 2013
Session Recap: EUR and GBP fall despite upbeat data
FXstreet.com (Córdoba) - The USD trades mixed although within its recent ranges versus most competitors, gaining versus its European peers despite all three components of the German July Ifo survey and the preliminary reading of UK Q2 GDP came in line with expectations.
EUR/USD fell sharply but found support at 1.3165 and bounced back above 1.3200 most recently. GBP/USD was once again rejected by the 1.5385 zone and it fell to retest weekly lows around 1.5260/65.
Meanwhile, the USD is losing ground against the yen and commodity currencies. NZD/USD was the biggest mover of the day, rising above the 0.8000 level following a hawkish RBNZ statement. USD/JPY dipped to trade back below the 100.00 level after failing to break above 100.50 during the Asian session.
Main Headlines in Europe:
EUR/USD rally paused for a day. More upside to come or is correction just starting?
European equity markets open mixed
Flash: What does the EUR/USD have to offer? – UBS and Commerzbank
Germany: IFO – Business Climate improves to 106.2 in July
UK: GDP rises 0.6% in Q2, as expected
EUR/USD fell sharply but found support at 1.3165 and bounced back above 1.3200 most recently. GBP/USD was once again rejected by the 1.5385 zone and it fell to retest weekly lows around 1.5260/65.
Meanwhile, the USD is losing ground against the yen and commodity currencies. NZD/USD was the biggest mover of the day, rising above the 0.8000 level following a hawkish RBNZ statement. USD/JPY dipped to trade back below the 100.00 level after failing to break above 100.50 during the Asian session.
Main Headlines in Europe:
EUR/USD rally paused for a day. More upside to come or is correction just starting?
European equity markets open mixed
Flash: What does the EUR/USD have to offer? – UBS and Commerzbank
Germany: IFO – Business Climate improves to 106.2 in July
UK: GDP rises 0.6% in Q2, as expected