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5 Jun 2013
Session Recap: USD mixed, Cable firmer
FXstreet.com (Córdoba) - The US dollar is mostly firmer against major competitors, with the main exception of the yen and the pound.
The Cable rose to retest weekly highs at the 1.5370 area underpinned by stronger-than-expected UK service PMI, while on the other hand, the euro failed once again to break decisively above 1.3100/05 and, weighed by soft PMI services and GDP data, it pulled back to the 1.3050 zone.
Elsewhere, equities trade negatively in Europe, taking a cue from their Asian peers, as Japanese Nikkei slumped after a speech from Prime Minister Shinzo Abe fell short of expectations.
Main Headlines in Europe (in chronological order):
Germany: PMI Services almost unchanged in May
EMU: PMI Services contraction slows down less than expected in May
UK: PMI Services expands at a quicker pace in May
Eurozone: GDP falls 0.2% in Q1, as expected
EMU: Annual Retail Sales fall 1.1% in April
Commodities Brief – Gold falls below 1400, crude targets upside at 95.00 level
EUR bears focusing on the ECB
European equities following global indices lower
The Cable rose to retest weekly highs at the 1.5370 area underpinned by stronger-than-expected UK service PMI, while on the other hand, the euro failed once again to break decisively above 1.3100/05 and, weighed by soft PMI services and GDP data, it pulled back to the 1.3050 zone.
Elsewhere, equities trade negatively in Europe, taking a cue from their Asian peers, as Japanese Nikkei slumped after a speech from Prime Minister Shinzo Abe fell short of expectations.
Main Headlines in Europe (in chronological order):
Germany: PMI Services almost unchanged in May
EMU: PMI Services contraction slows down less than expected in May
UK: PMI Services expands at a quicker pace in May
Eurozone: GDP falls 0.2% in Q1, as expected
EMU: Annual Retail Sales fall 1.1% in April
Commodities Brief – Gold falls below 1400, crude targets upside at 95.00 level
EUR bears focusing on the ECB
European equities following global indices lower