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17 Apr 2013
Session Recap: USD shines as market sentiment deteriorates
FXstreet.com (Córdoba) - The US dollar strengthened on Wednesday, with the EUR and the GBP as the main losers, although there seems to be no major catalyst for the move. EUR/USD failed to break above 1.3200 and pulled back to the 1.3115 area, while GBP/USD dropped over 150 pips throughout the day to a low of 1.5227, weighed by UK employment data.
European stocks are broadly lower while US futures point for a negative opening as market sentiment remains very fragile.
Main Headlines in Europe (in chronological order):
UK: Claimant Count Change falls further in March against expectations
BoE Minutes: MPC voted 6-3 to keep stimulus steady
EMU: Construction Output decreases 0.8% in February
Fundamental Morning Wrap: Korea and Gold in focus
European markets fall for the fourth day in a row
Euro capped at 1.3200 for now
Commodities Brief – Precious metals bounce, gold pares losses to trade at 1389
European Parliament disapproves of the way Cyprus bailout was handled
European stocks are broadly lower while US futures point for a negative opening as market sentiment remains very fragile.
Main Headlines in Europe (in chronological order):
UK: Claimant Count Change falls further in March against expectations
BoE Minutes: MPC voted 6-3 to keep stimulus steady
EMU: Construction Output decreases 0.8% in February
Fundamental Morning Wrap: Korea and Gold in focus
European markets fall for the fourth day in a row
Euro capped at 1.3200 for now
Commodities Brief – Precious metals bounce, gold pares losses to trade at 1389
European Parliament disapproves of the way Cyprus bailout was handled