Back
3 Oct 2013
Session Recap: US Shutdown Day 3. Dollar mixed
FXstreet.com (Córdoba) - The USD trades mixed as the US government shutdown extends into a third day, with uncertainty cast by the US budget as the main factor curbing risk appetite.
While the prospects of a prolonged shutdown weigh on the dollar, upbeat China and Eurozones service PMI's helped global markets. EUR/USD climbed to a fresh 8-month high of 1.3622 Thursday and currently hovers around 1.3600. GBP/USD is consolidating around 1.6200 while USD/JPY recovered a tad but remains capped by the 98.00 level.
Elsewhere, the AUD and the CAD trade virtually unchanged on the day as investors refrain from taking big bets given the uncertain environment. During the NY session, non-federal US government reports will be published, including weekly jobless claims and the ISM non-manufacturing.
Main Headlines in Europe:
European open: Letta confidence helps to shift focus back to US political worries
Germany: Services PMI rises less than projected in September
Eurozone: Services PMI expands further in September
Despite Letta's confidence victory Berlusconi will not go away
UK: Services PMI dips to 60.3 in September
Commodities on downtrend corrective mode on Thursday
EMU: Annual Retail Sales fall less than expected in August
Spanish bond yields slide at auction
Shut down may weigh on GDP but risk-off developments will be USD-supportive
While the prospects of a prolonged shutdown weigh on the dollar, upbeat China and Eurozones service PMI's helped global markets. EUR/USD climbed to a fresh 8-month high of 1.3622 Thursday and currently hovers around 1.3600. GBP/USD is consolidating around 1.6200 while USD/JPY recovered a tad but remains capped by the 98.00 level.
Elsewhere, the AUD and the CAD trade virtually unchanged on the day as investors refrain from taking big bets given the uncertain environment. During the NY session, non-federal US government reports will be published, including weekly jobless claims and the ISM non-manufacturing.
Main Headlines in Europe:
European open: Letta confidence helps to shift focus back to US political worries
Germany: Services PMI rises less than projected in September
Eurozone: Services PMI expands further in September
Despite Letta's confidence victory Berlusconi will not go away
UK: Services PMI dips to 60.3 in September
Commodities on downtrend corrective mode on Thursday
EMU: Annual Retail Sales fall less than expected in August
Spanish bond yields slide at auction
Shut down may weigh on GDP but risk-off developments will be USD-supportive