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0 : 59
|1 USD|| |
|1 EUR||1.36048|| |
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EUR/USD2013-12-04 18:48 UTC
EUR-USD had already been in retreat following another failed attempt to sustain gains through 1.3600 when the solid 215k headline of the ADP report hit the wire headlines. The pair subsequently extended to a 1.3569 low where it found a toehold and rebounded back toward the 1.3580-90 area, so quite a bit of chop so far in the New York AM without pronounced directional progress. EUR-USD edged to 1.3545 post trade data, adding to losses ... Read More ►
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XE Market Analysis
North American Edition2013-12-04 12:07 UTC
North American market participants will discover that the USD is near to where they left it at clocking off time yesterday against both the EUR and JPY, though they will notice it is also trading at moderately higher levels against both GBP and AUD, both of which were affected by disappointing data. EUR-USD made time in the upper 1.3570 to low 1.36s region, with the proximity of tomorrow's ECB meeting and Friday's U.S. jobs report curtailing trade. ... Read More ►
European Edition2013-12-04 07:47 UTC
The JPY consolidated to moderately softer levels after yesterday's short-covering driven rebound, EUR-USD was settled near net unchanged levels from yesterday's London closing levels just ahead of the European open, while the AUD was the main mover and shaker having tumbled to a three months low versus the USD following weaker than expected Australian GDP data. The major currencies saw narrow ranges as market participants wait on approaching risk events, ... Read More ►
Asian Edition2013-12-04 18:48 UTC
The dollar perked up, as equities fell and yields moved higher in the aftermath of the better ADP employment report. The greenback's gains were short lived however, as non-manufacturing ISM disappointed, and as the market girded itself for Thursday's ECB meeting. The Bank is not likely to cut rates, although updated staff projections are likely to bring a downward revision to inflation forecasts and the risks to the economic outlook continue to lie on the ... Read More ►
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