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13 Aug 2013
Session Recap: USD continues its slow advance; Euro got a bad day
FXstreet.com (San Francisco) - The Greenback traded slightly higher on Tuesday against its major competitors as investors were confidence on the US situation. Retail sales showed improvement, despite not as good as expected, and the Sep-tapering idea is taking form. The Dollar was widely higher as well as the Yen was lower.
On the Euro side, stops triggers in the EUR/GBP moved the market with the pair falling to 0.8535, lowest since July 4th. On majors, the EUR/USD lost the 1.3300 area and now it's trading at 1.3260. The GBP/USD performed its third day of losses with the Cable closing at 1.5450. The USD/JPY jumped above the 98.00 area and closed at 98.20 and the USD/CAD recovered the sub 1.3050 levels.
The AUD/USD traded lower for second day and tested the 0.9100 area while the Gold was around 1% down on the day at $1,321/oz.
Main headlines in the American session:
US July Import Price Index (MoM) rises to 0.2%; 1% (YoY)
US: Retail Sales up 0.2% in July
Bond holders running for cover are lending the dollar a hand
US: Business Inventories flat in June
Wall Street rises after recovering earlier losses; Apple Tweet-jump
On the Euro side, stops triggers in the EUR/GBP moved the market with the pair falling to 0.8535, lowest since July 4th. On majors, the EUR/USD lost the 1.3300 area and now it's trading at 1.3260. The GBP/USD performed its third day of losses with the Cable closing at 1.5450. The USD/JPY jumped above the 98.00 area and closed at 98.20 and the USD/CAD recovered the sub 1.3050 levels.
The AUD/USD traded lower for second day and tested the 0.9100 area while the Gold was around 1% down on the day at $1,321/oz.
Main headlines in the American session:
US July Import Price Index (MoM) rises to 0.2%; 1% (YoY)
US: Retail Sales up 0.2% in July
Bond holders running for cover are lending the dollar a hand
US: Business Inventories flat in June
Wall Street rises after recovering earlier losses; Apple Tweet-jump