21 Aug 2013
Session Recap: EUR/USD reaches 6-month highs ahead of FOMC minutes
FXstreet.com (San Francisco) - In Another quiet American Session, the Greenback traded lower against its majors competitors except its Canadian counterpart. The Euro finally did it and the EUR/USD broke above the 1.3400 area and reached its highest level since February at 1.3450.
The EUR/USD's movement was fueled by concerns on Fed tapering plans and German construction output. Stocks closed mixed and yields remained at 2-year highs.
The GBP/USD rose to fresh 1-month high at 1.5695 and the USD/JPY declined to 1-week low at 96.90. On commodity currencies, the USD/CAD rose to test the 1.0400 area while the AUD/USD dropped to 0.9025 as intra-day low and it closed at 0.9065.
Main headlines in the American session:
Canada: Wholesale Sales dropped 2.8% in June
Euro hits six-month high on a burst of buying through 1.3400
Kuroda says economy can grow at 2% over next 3 years
Fitch affirms The Netherlands at 'AAA'; outlook negative
Wall Street closes mixed ahead FOMC minutes
The EUR/USD's movement was fueled by concerns on Fed tapering plans and German construction output. Stocks closed mixed and yields remained at 2-year highs.
The GBP/USD rose to fresh 1-month high at 1.5695 and the USD/JPY declined to 1-week low at 96.90. On commodity currencies, the USD/CAD rose to test the 1.0400 area while the AUD/USD dropped to 0.9025 as intra-day low and it closed at 0.9065.
Main headlines in the American session:
Canada: Wholesale Sales dropped 2.8% in June
Euro hits six-month high on a burst of buying through 1.3400
Kuroda says economy can grow at 2% over next 3 years
Fitch affirms The Netherlands at 'AAA'; outlook negative
Wall Street closes mixed ahead FOMC minutes