Back
21 Oct 2013
Session Recap: FX market takes a breather
FXstreet.com (Córdoba) - FX market enjoys a quiet start to the week, with the greenback trading a touch firmer, as investors take a breather from last week's strong moves and ahead of the September NFP report, which will be published with delay due to the US shutdown tomorrow.
EUR/USD and GBP/USD are virtually unchanged around 1.3660 and 1.6150 respectively, while the USD advanced slightly versus perceived safe-havens as the JPY and the CHF. USD/JPY rose back above 98.00 while USD/CHF printed a 4-day peak of 0.9040.
Commodity currencies are broadly steady despite firmer stocks in Asia and Europe and US futures pointing higher. During the New York session, watch for US existing home sales.
Main Headlines in Europe:
Germany: Producer Price Index grows 0.3% in September
European open: FX subdued while equities continue to climb
Flash: What’s the sentiment around the EUR/USD today? – Commerzbank and Westpac
Oil grinds slowly downwards, gold consolidates
Cyprus finance minister signalizes capital controls to be scrapped early next year
Germany edges towards a working government as SPD votes to begin negotiations
EUR/USD and GBP/USD are virtually unchanged around 1.3660 and 1.6150 respectively, while the USD advanced slightly versus perceived safe-havens as the JPY and the CHF. USD/JPY rose back above 98.00 while USD/CHF printed a 4-day peak of 0.9040.
Commodity currencies are broadly steady despite firmer stocks in Asia and Europe and US futures pointing higher. During the New York session, watch for US existing home sales.
Main Headlines in Europe:
Germany: Producer Price Index grows 0.3% in September
European open: FX subdued while equities continue to climb
Flash: What’s the sentiment around the EUR/USD today? – Commerzbank and Westpac
Oil grinds slowly downwards, gold consolidates
Cyprus finance minister signalizes capital controls to be scrapped early next year
Germany edges towards a working government as SPD votes to begin negotiations