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23 Sep 2013
Session Recap: USD mixed, EUR weighed by PMI data
FXstreet.com (Córdoba) - The USD trades mixed versus majors, and the euro is broadly lower as disappointing manufacturing PMI’s added to uncertainty following German elections put the shared currency under pressure.
EUR/USD remains stuck in the 1.3500-50 range where it has been trading over the last three sessions, while other euro crosses such as EUR/GBP and EUR/JPY are at lows of the day. Meanwhile, GBP/USD climbed to daily highs above 1.6050 and USD/JPY is trading just below the 99.00 mark.
Elsewhere, European markets are mixed while US futures point for a positive opening amid a light data calendar.
Main Headlines in Europe:
Yellen to take reins at Fed
European open: Triumph for Merkel, but any protracted negotiations could weigh on bunds
Moody's raises outlook on Irish debt to stable from negative
Germany: Flash PMI Manufacturing down to 51.3 in September
EMU: Flash PMI Manufacturing drops to 51.1 in September
Euro stumbles on weak manufacturing PMI despite strengthening overall picture, EUR/USD falls from highs
US debt ceiling: get ready for squabbling, name calling and market volatility
Troika back in Greece for fresh bailout review
EUR/USD remains stuck in the 1.3500-50 range where it has been trading over the last three sessions, while other euro crosses such as EUR/GBP and EUR/JPY are at lows of the day. Meanwhile, GBP/USD climbed to daily highs above 1.6050 and USD/JPY is trading just below the 99.00 mark.
Elsewhere, European markets are mixed while US futures point for a positive opening amid a light data calendar.
Main Headlines in Europe:
Yellen to take reins at Fed
European open: Triumph for Merkel, but any protracted negotiations could weigh on bunds
Moody's raises outlook on Irish debt to stable from negative
Germany: Flash PMI Manufacturing down to 51.3 in September
EMU: Flash PMI Manufacturing drops to 51.1 in September
Euro stumbles on weak manufacturing PMI despite strengthening overall picture, EUR/USD falls from highs
US debt ceiling: get ready for squabbling, name calling and market volatility
Troika back in Greece for fresh bailout review