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21 May 2013
Session Recap: Euro advances as the Greenback take a breath
FXstreet.com (San Francisco) - The euro traded higher on Tuesday as market hopes on QE was fueled by the Dudley and Bullard's speeches and the lack of mention about the Fed tapering the bond buying program in the middle term.
The Greenback traded mixed and the Yen performed in wait-and-see mode focused on the BoJ meeting. The AUD/USD seems to have found bottom at the 0.9710 area.
In majors, the EUR/USD recovered ground to close above the 1.2900 area; the USD/JPY traded sideways around 102.50; and the GBP/USD collapsed to test the 1.5110 area. The EUR/GBP was the winner of the day after jumping around 80 pips to close at 0.8520.
Main headlines in the American session:
German Labor minister: A New Deal is necessary in Europe
World Banks’ Kim says bank has downgraded forecast for eurozone
No hints on what’s next from Bullard
Fed’s Bullard: Can’t envision a good case for tapering unless inflation turns around
Wall Street closes positive on hopes that Fe will keep QE
The Greenback traded mixed and the Yen performed in wait-and-see mode focused on the BoJ meeting. The AUD/USD seems to have found bottom at the 0.9710 area.
In majors, the EUR/USD recovered ground to close above the 1.2900 area; the USD/JPY traded sideways around 102.50; and the GBP/USD collapsed to test the 1.5110 area. The EUR/GBP was the winner of the day after jumping around 80 pips to close at 0.8520.
Main headlines in the American session:
German Labor minister: A New Deal is necessary in Europe
World Banks’ Kim says bank has downgraded forecast for eurozone
No hints on what’s next from Bullard
Fed’s Bullard: Can’t envision a good case for tapering unless inflation turns around
Wall Street closes positive on hopes that Fe will keep QE