5 Sep 2013
Session Recap: US Dollar declines on risk bump
FXstreet.com (San Francisco) - The US Dollar traded lower on Wednesday just ahead the two key days of the week. On Thursday, the market will see the faces of BoE's chairman Carney and ECB's president Mario Draghi. On Friday with the NFP data, investors will check the latest set of clues just before September Fed's meeting.
The US economy grew at a "modest to moderate" pace in July and August, the Federal Reserve reported Wednesday, which describes economic growth in the same terms as the last ones. According to the Beige Book, "hiring held steady or increased modestly" and the Fed "lending activity weakened some"
Later on the day, the US Senate Foreign Relations Committee authorized President Barack Obama to take limited military action against Syria, after a vote breakdown of 10 to 7, in what marks the first step toward congressional approval. Now the whole Senate and the House must take their decision and vote on its own.
The EUR/USD completed its second recovery day from Tuesday's bottom at 1.3135 and the Euro advanced to test the 1.3215 strong resistance against the Dollar. Now the pair is closing the session at 1.3205. The GBP/USD advanced for third day to test the 1.5645, highest since August 22nd.
The USD/JPY advanced for fifth day in the last six and now the Greenback is consolidating levels just ahead of the 100 against the Japanese Yen. USD/CAD declined for second day and it closed just below the 1.0500 level.
The AUD/USD Rallied even more than Tuesday's jump and now the Aussie is consolidating levels around 0.9170. The Gold remains around the 1,400, today the XAU/USD declined 1.50% to 1,390.
Main headlines in the American session:
US: Trade deficit widened to $39.15 billion in July
Canada: Trade deficit rose to $0.93 billion in July
US: ISM New York Index slides to 60.5 in August
BoC keeps interest rate unchanged at 1% in September
Fed’s Williams says don’t expect Fed to raise rates until second half of 2015
Fed’s Beige Book: US grew at modest to moderate pace
Senate panel gives green light for limited military strike in Syria
Wall Street rallies on strong economic data; Syria on focus yet
The US economy grew at a "modest to moderate" pace in July and August, the Federal Reserve reported Wednesday, which describes economic growth in the same terms as the last ones. According to the Beige Book, "hiring held steady or increased modestly" and the Fed "lending activity weakened some"
Later on the day, the US Senate Foreign Relations Committee authorized President Barack Obama to take limited military action against Syria, after a vote breakdown of 10 to 7, in what marks the first step toward congressional approval. Now the whole Senate and the House must take their decision and vote on its own.
The EUR/USD completed its second recovery day from Tuesday's bottom at 1.3135 and the Euro advanced to test the 1.3215 strong resistance against the Dollar. Now the pair is closing the session at 1.3205. The GBP/USD advanced for third day to test the 1.5645, highest since August 22nd.
The USD/JPY advanced for fifth day in the last six and now the Greenback is consolidating levels just ahead of the 100 against the Japanese Yen. USD/CAD declined for second day and it closed just below the 1.0500 level.
The AUD/USD Rallied even more than Tuesday's jump and now the Aussie is consolidating levels around 0.9170. The Gold remains around the 1,400, today the XAU/USD declined 1.50% to 1,390.
Main headlines in the American session:
US: Trade deficit widened to $39.15 billion in July
Canada: Trade deficit rose to $0.93 billion in July
US: ISM New York Index slides to 60.5 in August
BoC keeps interest rate unchanged at 1% in September
Fed’s Williams says don’t expect Fed to raise rates until second half of 2015
Fed’s Beige Book: US grew at modest to moderate pace
Senate panel gives green light for limited military strike in Syria
Wall Street rallies on strong economic data; Syria on focus yet