Session Recap: USD slightly softer, majors consolidate

FXstreet.com (Córdoba) - The USD trades a tad softer versus most competitors Monday with the EUR, GBP and AUD supported by strong domestic data and amid mostly corrective movements.

The EUR/USD managed to regain the 1.3500 mark on stronger-than-expected manufacturing PMI data, while GBP/USD played along after firm UK construction data. The AUD/USD rose to the 0.9500 area after 2 days of losses propelled by domestic retail sales, while investors await the RBA meeting tomorrow. Meanwhile, the USD/JPY was little changed around 98.65 after finding resistance once again at 98.84.

During the New York session watch for October ISM manufacturing index and September factory orders while the highlights for the week will be ECB meeting Thursday and US nonfarm payrolls Friday.

Main Headlines in Europe:

European open: Week's focus on non-farms

Germany: PMI Manufacturing improves to 51.7 in October

EMU: PMI Manufacturing rises to 51.3 in October, as expected

UK: PMI Construction grows to hits 59.4 in October

Eurozone: Sentix Investor Confidence improves against forecasts in October

EUR/USD Support for euro on final PMI print but relative tightening expectations will drive the pair


Flash: What’s the sentiment around the EUR/USD today? – Commerzbank and Westpac