9 Oct 2013
Session Recap: USD firmer, GBP weighed by data
FXstreet.com (Córdoba) - The USD trades mostly firmer on US shutdown Day 9, having received a boost from Yellen's nomination to head the Fed.
The Sterling is among the worst performers Wednesday, as an unexpected fall in UK industrial production weighed on the currency, sending GBP/USD to 2-week lows sub-1.6000. Meanwhile, the EUR/USD has a lively session mainly due to technical drivers as the pair accelerated lower on the break of the 200-hour SMA but found support around 1.3515.
Elsewhere, the greenback trades higher against the JPY, CHF and CAD, but lower versus the Aussie which consolidates near 3-week highs above 0.9450.
Main Headlines in Europe:
European open: Yellen effect muffled by continuing debt ceiling worries
UK: Annual Industrial Production decline accelerates in August
UK: Total Trade deficit narrows less than expected in August
Flash: Will the EUR/USD test 1.3500? – Commerzbank and OCBC Bank
Germany: Industrial Production grows 1.4% in August
The Sterling is among the worst performers Wednesday, as an unexpected fall in UK industrial production weighed on the currency, sending GBP/USD to 2-week lows sub-1.6000. Meanwhile, the EUR/USD has a lively session mainly due to technical drivers as the pair accelerated lower on the break of the 200-hour SMA but found support around 1.3515.
Elsewhere, the greenback trades higher against the JPY, CHF and CAD, but lower versus the Aussie which consolidates near 3-week highs above 0.9450.
Main Headlines in Europe:
European open: Yellen effect muffled by continuing debt ceiling worries
UK: Annual Industrial Production decline accelerates in August
UK: Total Trade deficit narrows less than expected in August
Flash: Will the EUR/USD test 1.3500? – Commerzbank and OCBC Bank
Germany: Industrial Production grows 1.4% in August