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25 Apr 2013
Session Recap: GBP rises on UK GDP; USD declines on Jobless
FXstreet.com (San Francisco) - The Sterling was the winner of the day as the pound rose against its major competitors on the back of the better than expected GDP data in UK. The GBP/USD advanced to trade above the 1.5400, the GBP/JPY tested 2-week highs at 153.75 and the EUR/GBP declined to 0.8400.
On the other hand, the USD declined on better than expected Jobless claims in the United States. Equities extended advances on good corporate earnings. The EUR/USD declined from the 1.3090 to touch levels below the 1.3000 frontier. The USD/JPY is trading in consolidation mode just focusing the BoJ next movement.
Main headlines in the American session:
US: Initial Jobless Claims fell to 339K
Commodities Brief – Precious metals surge, crude makes failed break at 92.00
Goldman Sachs now sees ECB rate cut in May
Forex: EUR/USD bouncing off 1.2990
First signs of Japanese demand appear in US Treasury auction
Japan to use FX reserves to buy Asean member bonds: NIkkei
Bundesbank rejects OMT at German constitutional court
Wall Street rises on earnings and employment data
On the other hand, the USD declined on better than expected Jobless claims in the United States. Equities extended advances on good corporate earnings. The EUR/USD declined from the 1.3090 to touch levels below the 1.3000 frontier. The USD/JPY is trading in consolidation mode just focusing the BoJ next movement.
Main headlines in the American session:
US: Initial Jobless Claims fell to 339K
Commodities Brief – Precious metals surge, crude makes failed break at 92.00
Goldman Sachs now sees ECB rate cut in May
Forex: EUR/USD bouncing off 1.2990
First signs of Japanese demand appear in US Treasury auction
Japan to use FX reserves to buy Asean member bonds: NIkkei
Bundesbank rejects OMT at German constitutional court
Wall Street rises on earnings and employment data