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6 Aug 2013
Session Recap: Majors remain in summer mode
FXstreet.com (Córdoba) - The USD trades a tad softer although well within the recent ranges in summer trade mode.
The GBP/USD reached a fresh 1-week high after UK June manufacturing and industrial output came in almost double expectations, but gave up some gains most recently to trade around 1.5360. Meanwhile, the EUR/USD failed to sustain gains and retreated once again from the 1.3300 level.
The USD/JPY was little changed around 98.15 after the latest recovery attempt was capped by the 98.60 area. The AUD/USD remained supported by the RBA’s less-dovish-than-expected statement after it cut the interest rate by 25bp to a record low of 2.5%.
Main Headlines in Europe:
ECB’s Praet says forward guidance includes an easing bias
UK: Annual Industrial Production rises more than expected in June
Italy Gross Domestic Product (QoQ): -0.2% in 2Q; -2% (YoY)
Dollar supported as treasuries decline
Germany: June Factory Orders rise annually for the first time since October 2011
The GBP/USD reached a fresh 1-week high after UK June manufacturing and industrial output came in almost double expectations, but gave up some gains most recently to trade around 1.5360. Meanwhile, the EUR/USD failed to sustain gains and retreated once again from the 1.3300 level.
The USD/JPY was little changed around 98.15 after the latest recovery attempt was capped by the 98.60 area. The AUD/USD remained supported by the RBA’s less-dovish-than-expected statement after it cut the interest rate by 25bp to a record low of 2.5%.
Main Headlines in Europe:
ECB’s Praet says forward guidance includes an easing bias
UK: Annual Industrial Production rises more than expected in June
Italy Gross Domestic Product (QoQ): -0.2% in 2Q; -2% (YoY)
Dollar supported as treasuries decline
Germany: June Factory Orders rise annually for the first time since October 2011