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17 Jul 2013
Session Recap: US Dollar declines ahead of Bernanke as bulls are cautious
FXstreet.com (San Francisco) - The Greenback traded lower on Thursday as investors are awaiting the Ben Bernanke congressional testimony of Wednesday. Both stocks and USD buyers are in wait and see mode as they are afraid Bernanke will be rally killer in the stocks' field but USD fuel in the currency market.
In this frame, The EUR/USD consolidated positions above the 1.3150 and it closed at 1.3165 and the GBP/USD advanced to trade above 1.5150. However, the USD/JPY lost all Monday's gains with the pair declining from the 100.00 area to close the day just shy of 99.00.
The USD/CAD lost last two session gains with the pair dropping from 1.0440 to close the dat around 1.0370. The AUD/USD rallied on the day as the pair jumped from sub 0.9100 levels to close at 0.9250.
Main headlines in the American session:
US: CPI rose 1.8% in June
Canada: Manufacturing Shipments rose 0.7% in May
US: Industrial Production rises 0.3% in June
US June Capacity Utilization rises to 77.8% vs 77.7% (May)
US: NAHB Housing Market Index up to 57 in July
Flash: Bernanke speech to contain important news? – TD Securities
Fed’s George: It’s time to adjust the Fed’s bonf buying
Italian PM Letta: Growth will resume this year
Wall Street pauses rally awaiting for Bernanke
In this frame, The EUR/USD consolidated positions above the 1.3150 and it closed at 1.3165 and the GBP/USD advanced to trade above 1.5150. However, the USD/JPY lost all Monday's gains with the pair declining from the 100.00 area to close the day just shy of 99.00.
The USD/CAD lost last two session gains with the pair dropping from 1.0440 to close the dat around 1.0370. The AUD/USD rallied on the day as the pair jumped from sub 0.9100 levels to close at 0.9250.
Main headlines in the American session:
US: CPI rose 1.8% in June
Canada: Manufacturing Shipments rose 0.7% in May
US: Industrial Production rises 0.3% in June
US June Capacity Utilization rises to 77.8% vs 77.7% (May)
US: NAHB Housing Market Index up to 57 in July
Flash: Bernanke speech to contain important news? – TD Securities
Fed’s George: It’s time to adjust the Fed’s bonf buying
Italian PM Letta: Growth will resume this year
Wall Street pauses rally awaiting for Bernanke