3 Jul 2013
Session Recap: Dollar declines ahead banks and payrolls
FXstreet.com (San Francisco) - The Greenback traded lower on Wednesday as market is focusing in the European central banks meetings on Thursday and Friday's payrolls report. Investors are cautious as they expect big movements into a low volume environment.
The EUR/USD traded higher and recovered from 1.2920, lowest since May 29 to close just above the 1.3000 area. The GBP/USD rallied from 1.5130 to test the 1.5300 level. The USD/JPY declined to sub 100.00 prices and the USD/CAD retraced to low 1.05 levels.
Main headlines in the American session:
US: ADP Employment Change rose to 188K in June
US: Initial Jobless Claims fell to 343K
US: Trade deficit widened to $45.03 billion in May
US: ISM non-Manufacturing PMI drops in June against forecasts
Egyptian president under house arrest: Reports
S&P upgrades Cyprus rating to CCC+ from selective default
Wall Street rises amid Jobs report
The EUR/USD traded higher and recovered from 1.2920, lowest since May 29 to close just above the 1.3000 area. The GBP/USD rallied from 1.5130 to test the 1.5300 level. The USD/JPY declined to sub 100.00 prices and the USD/CAD retraced to low 1.05 levels.
Main headlines in the American session:
US: ADP Employment Change rose to 188K in June
US: Initial Jobless Claims fell to 343K
US: Trade deficit widened to $45.03 billion in May
US: ISM non-Manufacturing PMI drops in June against forecasts
Egyptian president under house arrest: Reports
S&P upgrades Cyprus rating to CCC+ from selective default
Wall Street rises amid Jobs report