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16 May 2013
Session Recap: The USD recovers ground on QE ending talks
After trading bearish in almost the whole session on mixed economic data, the USD was boosted by the Federal Reserve of San Francisco Chairman Williams' comments that said the QE could be reduced by summer and finished by year-end. Williams is a dove Fed's member.
The EUR/USD is closing almost flat on the day around 1.2880. The USD/JPY performed the same situation as the pair was moving in range between in 101.85 and 102.65. The AUD/USD extended its collapse to test the 0.9800, lowest level since June 2012.
Main headlines in the American session:
US Consumer Price Index (YoY) (Apr): 1.1%; -0.4% (MoM)
US: Initial Jobless Claims rose to 360K
US: Building Permits rose to 1.017M in April
Fitch affirms Japan´s rating A+
US: Philadelphia Fed Manufacturing Survey falls to -5.2 in May
Fitch upgrades Greek banks
Fed’s Williams gives the dollar a boost
Wall Street declines on QE end concerns
The EUR/USD is closing almost flat on the day around 1.2880. The USD/JPY performed the same situation as the pair was moving in range between in 101.85 and 102.65. The AUD/USD extended its collapse to test the 0.9800, lowest level since June 2012.
Main headlines in the American session:
US Consumer Price Index (YoY) (Apr): 1.1%; -0.4% (MoM)
US: Initial Jobless Claims rose to 360K
US: Building Permits rose to 1.017M in April
Fitch affirms Japan´s rating A+
US: Philadelphia Fed Manufacturing Survey falls to -5.2 in May
Fitch upgrades Greek banks
Fed’s Williams gives the dollar a boost
Wall Street declines on QE end concerns