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13 May 2013
Session Recap: USD advances on a quiet Monday
FXstreet.com (San Francisco) - The Dollar extended its gains on Monday with the Greenback rising against its major competitors as risk aversion dominated the sentiment. The Dollar index rallied for third day. Market is concerned about the talks on the Fed tapering the QE program as soon as this year.
In a lackluster Monday, the EUR/USD remained above the 1.2950 key lvel, the GBP/USD extended loses below the 1.5300 area and the AUD/USD broken the parity and declined further to trade below the 0.9950. The USD/JPY moved sideways.
In the data front, US retail sales surprised investors expanding 0.1% on a monthly basis during April, leaving behind the median at -0.3% and March’s 0.5% contraction. The Eurogroup approved €7.5 Bn in aid for Greece.
Main headlines in the American session:
US: Retail Sales up 0.1% in April
EU Dijisselbloem: Issue of EU treaty change for banking union can be addressed later
Fitch warns that Europe still deep in crisis
The eurogroup approves 7.5 Bn in aid to Greece
Wall Street closes mixed on a lackluster Monday
In a lackluster Monday, the EUR/USD remained above the 1.2950 key lvel, the GBP/USD extended loses below the 1.5300 area and the AUD/USD broken the parity and declined further to trade below the 0.9950. The USD/JPY moved sideways.
In the data front, US retail sales surprised investors expanding 0.1% on a monthly basis during April, leaving behind the median at -0.3% and March’s 0.5% contraction. The Eurogroup approved €7.5 Bn in aid for Greece.
Main headlines in the American session:
US: Retail Sales up 0.1% in April
EU Dijisselbloem: Issue of EU treaty change for banking union can be addressed later
Fitch warns that Europe still deep in crisis
The eurogroup approves 7.5 Bn in aid to Greece
Wall Street closes mixed on a lackluster Monday