31 Jul 2013
Session Recap: Choppy month-end session, FOMC in focus
FXstreet.com (Córdoba) - It has been a choppy month-end European session on Wednesday amid a lot of economic indicators for the eurozone and ahead of a slew of US data and the conclusion of the FOMC meeting.
EUR/USD was rejected once again from the 1.3300 level and slipped back to the 1.2950 zone most recently, where it is nearly flat on the day. Despite beating expectations, EMU unemployment remains persistently high at 12.1%.
The USD/JPY fell to a fresh 1-month low, with a near 1.5% fall in the Nikkei encouraging yen repatriation flows. GBP/USD is among the worst performers, having briefly dipped below the 1.5200 mark to a 2-week low of 1.5186.
The AUD/USD extended its decline, coming within a tick of surrendering the 0.9000 mark and retesting its 3-year low.
Looking into the NY session, there is key data ahead, including the US ADP report, the Q2 GDP figures and finally the conclusion of the FOMC meeting.
Main Headlines in Europe:
Switzerland: KOF Leading Indicator improves to 1.23 in July
European stocks follow Asia lower on open ahead of German Unemployment
Germany: Unemployment Rate steady at 6.8% in July
Commodities for Delivery: Metals up ahead of FOMC
EMU: Annual CPI at 1.6% in July
EMU: Unemployment rate flat at 12.1% in June
Fixed income markets are on tendor hooks
EUR/USD was rejected once again from the 1.3300 level and slipped back to the 1.2950 zone most recently, where it is nearly flat on the day. Despite beating expectations, EMU unemployment remains persistently high at 12.1%.
The USD/JPY fell to a fresh 1-month low, with a near 1.5% fall in the Nikkei encouraging yen repatriation flows. GBP/USD is among the worst performers, having briefly dipped below the 1.5200 mark to a 2-week low of 1.5186.
The AUD/USD extended its decline, coming within a tick of surrendering the 0.9000 mark and retesting its 3-year low.
Looking into the NY session, there is key data ahead, including the US ADP report, the Q2 GDP figures and finally the conclusion of the FOMC meeting.
Main Headlines in Europe:
Switzerland: KOF Leading Indicator improves to 1.23 in July
European stocks follow Asia lower on open ahead of German Unemployment
Germany: Unemployment Rate steady at 6.8% in July
Commodities for Delivery: Metals up ahead of FOMC
EMU: Annual CPI at 1.6% in July
EMU: Unemployment rate flat at 12.1% in June
Fixed income markets are on tendor hooks