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13 Jun 2013
Session Recap: USD/JPY extends losses, AUD outperforms
FXstreet.com (Córdoba) - The USD is mostly lower, falling sharply against the yen and commodity currencies but largely flat against its European rivals. The tone was set in Asia with the Nikkei slumping 6.35% and European markets following the lead down.
In the FX space, USD/JPY extended losses and dipped briefly below 94.00, while the AUD/USD benefited from stronger-than-expected Australian employment data.
Meanwhile, EUR/USD failed to sustain gains after hitting a fresh high of 1.3390 and trades around 1.3320/30 and GBP/USD consolidates at the 1.5670 zone.
Main Headlines in Europe:
Germany: Wholesale Prices fell 0.4% MoM in May
Switzerland: Producer and Import Prices fell 0.2% YoY
Euro working group to decide today on next bailout tranche for Greece
ECB Monthly report comments…
Greece: Unemployment hit 27.4% in Q1
Commodities Brief – Precious metals held to tight consolidation, crude faces mixed outlook
European equities resume the decline
In the FX space, USD/JPY extended losses and dipped briefly below 94.00, while the AUD/USD benefited from stronger-than-expected Australian employment data.
Meanwhile, EUR/USD failed to sustain gains after hitting a fresh high of 1.3390 and trades around 1.3320/30 and GBP/USD consolidates at the 1.5670 zone.
Main Headlines in Europe:
Germany: Wholesale Prices fell 0.4% MoM in May
Switzerland: Producer and Import Prices fell 0.2% YoY
Euro working group to decide today on next bailout tranche for Greece
ECB Monthly report comments…
Greece: Unemployment hit 27.4% in Q1
Commodities Brief – Precious metals held to tight consolidation, crude faces mixed outlook
European equities resume the decline