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23 Apr 2013
Session Recap: Euro trades below 1.3000 again; USD advances
FXstreet.com (San Francisco) - The Euro traded lower on Tuesday weighed by a bath of disappointing PMI data across China, Europe and the United States. The EUR/USD is trading below the 1.3000 after an attempt of recovery that was capped at 1.3030.
The EUR/GBP declined to test 0.8500 and the EUR/JPY fell to 128.00, however the single currency managed to bounce above 129.00.
A fake tweet from AP, nicknamed 'bogus', about a bomb in the White House moved the market briefly with the USD/JPY falling and bouncing 100 pips in a matter of minutes. Wall Street experienced the same performance with strong, but short, collapsed.
The USD index traded higher on Tuesday to test highs in the area of 83.10/15. The GBP/USD declined to test the 1.5200 level and the USD/CHF rocketed to the 0.9450 area.
Main headlines in the American session:
US Markit Manufacturing PMI falls to 52 in Apr from 54.6 in Mar
US: Housing Price Index rose 0.7% in February
Bank of Italy: Downside growth risks to official GDP forecast
American equity markets rise steadfastly
US: New Home Sales rises 1.5% to 0.417M in April
Spanish PM: European growth worse than forecast this year
A wee-little double-top completed in USD/JPY
AP confirms White House explosion tweet was “bogus”
Forex: EUR/USD falls below 1.3000
Wall Street advances for third day after 'bogus' hypo
The EUR/GBP declined to test 0.8500 and the EUR/JPY fell to 128.00, however the single currency managed to bounce above 129.00.
A fake tweet from AP, nicknamed 'bogus', about a bomb in the White House moved the market briefly with the USD/JPY falling and bouncing 100 pips in a matter of minutes. Wall Street experienced the same performance with strong, but short, collapsed.
The USD index traded higher on Tuesday to test highs in the area of 83.10/15. The GBP/USD declined to test the 1.5200 level and the USD/CHF rocketed to the 0.9450 area.
Main headlines in the American session:
US Markit Manufacturing PMI falls to 52 in Apr from 54.6 in Mar
US: Housing Price Index rose 0.7% in February
Bank of Italy: Downside growth risks to official GDP forecast
American equity markets rise steadfastly
US: New Home Sales rises 1.5% to 0.417M in April
Spanish PM: European growth worse than forecast this year
A wee-little double-top completed in USD/JPY
AP confirms White House explosion tweet was “bogus”
Forex: EUR/USD falls below 1.3000
Wall Street advances for third day after 'bogus' hypo