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16 May 2013
Session Recap: Majors consolidate, AUD and NZD underperform
FXstreet.com (Córdoba) - FX market saw a quiet European session on Thursday, with the dollar mixed across the board and most crosses consolidating within their recent ranges. The EUR/USD trades around 1.2875, virtually unchanged ahead of the NY, where investors will be watching for April inflation data, housing starts, building permits and initial jobless claims.
However, Antipodean currencies are underperforming. The Australian dollar fell to a fresh 11-month low below 0.9800, while the Kiwi dollar hit a 6-month low against the greenback.
Main Headlines in Europe (in chronological order):
Spain signs up to EU plan to combat youth unemployment
Commodities Brief – Precious metals inking fresh intraday lows, silver precariously close to 22.05 critical support
EMU: Annual CPI at 1.2% in April, as expected
EMU: Trade surplus widens to €18.7B in March
Ex- Eurogroup Chief Juncker says Europe’s ‘undoubtedly on track’ to resolve the crisis
Abenomics stimulate Japanese recovery
European equity markets mixed after EMU CPI
Euro posed for further downside
However, Antipodean currencies are underperforming. The Australian dollar fell to a fresh 11-month low below 0.9800, while the Kiwi dollar hit a 6-month low against the greenback.
Main Headlines in Europe (in chronological order):
Spain signs up to EU plan to combat youth unemployment
Commodities Brief – Precious metals inking fresh intraday lows, silver precariously close to 22.05 critical support
EMU: Annual CPI at 1.2% in April, as expected
EMU: Trade surplus widens to €18.7B in March
Ex- Eurogroup Chief Juncker says Europe’s ‘undoubtedly on track’ to resolve the crisis
Abenomics stimulate Japanese recovery
European equity markets mixed after EMU CPI
Euro posed for further downside