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4 Jun 2014
Session Recap: More calm before the storm, NZD plummets
FXStreet (Córdoba) - The Euro and the Swiss Franc were among the best performers on a quiet day were majors finished practically unchanged ahead of several US employment reports and the ECB meeting. The US dollar finished mix while the Kiwi tumbled.
The Euro stabilized and continued to move sideways against the US dollar as traders await for the ECB announcement on Thursday. The EUR/USD found support again at 1.3585 and finished above 1.3600. The common currency rose slightly versus the Pound, that was the worst among European currencies. The GBP/USD finished unchanged as it continued to move around 1.6750.
The NZD/USD fell again and reached 4-month lows at 0.8417. The Kiwi plummeted across the board, reaching 6-month lows versus the Aussie. The AUD/USD finished higher but far from the highs, hovering around 0.9250 ahead of GDP data from Australia.
The Yen weakened in the market as US Treasury yields rose for the fourth day in a row. The USD/JPY finished slightly higher, testing 102.50. Also better-than-expected data on factory orders in the US, gave support to the pair.
Stocks also remains quiet during most of the day and Wall Street finished slightly lower. Gold reached monthly lows at $1,240 but bounced to finished at $1,245, unchanged. Crude oil rose 0.3% and approached $103.
Main headlines in the American session
EUR/USD back towards 200 SMA
AUD/NZD hits fresh 5-month highs, eyes 1.1000
AUD/USD threatening the downside
USD/JPY defying the bears
NZD/USD tumbles below 0.8450
GBP/USD bearish daily outlook
Wall Street stops 3 days of gains and closes negative
The Euro stabilized and continued to move sideways against the US dollar as traders await for the ECB announcement on Thursday. The EUR/USD found support again at 1.3585 and finished above 1.3600. The common currency rose slightly versus the Pound, that was the worst among European currencies. The GBP/USD finished unchanged as it continued to move around 1.6750.
The NZD/USD fell again and reached 4-month lows at 0.8417. The Kiwi plummeted across the board, reaching 6-month lows versus the Aussie. The AUD/USD finished higher but far from the highs, hovering around 0.9250 ahead of GDP data from Australia.
The Yen weakened in the market as US Treasury yields rose for the fourth day in a row. The USD/JPY finished slightly higher, testing 102.50. Also better-than-expected data on factory orders in the US, gave support to the pair.
Stocks also remains quiet during most of the day and Wall Street finished slightly lower. Gold reached monthly lows at $1,240 but bounced to finished at $1,245, unchanged. Crude oil rose 0.3% and approached $103.
Main headlines in the American session
EUR/USD back towards 200 SMA
AUD/NZD hits fresh 5-month highs, eyes 1.1000
AUD/USD threatening the downside
USD/JPY defying the bears
NZD/USD tumbles below 0.8450
GBP/USD bearish daily outlook
Wall Street stops 3 days of gains and closes negative