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28 Aug 2013
Session Recap: USD gains with Syria in Focus
FXstreet.com (Córdoba) - Risk aversion has been the theme of the day as escalating tensions in Syria keep investors cautious. News reports suggest that western countries are indeed moving closer to a military strike against Syria.
Safe-haven currencies such as the USD and the JPY are the best performers given continued uncertainty. While the EUR/USD fell to daily lows at the 1.3330 zone, GBP/USD extended losses to fresh 2-week lows at the 1.5450 zone ahead of BoE Carney speech before the congress.
Meanwhile, USD/JPY trades slightly higher around 97.40, the AUD and the CAD are trading on the back foot.
Main Headlines in Europe:
Germany: Gfk Consumer Confidence Survey fell to 6.9 in Sept.
Germany: Import Prices rose 0.3% MoM in July
Switzerland: UBS Consumption Indicator at 1.41 in July
Commodities soar on military strike jitters
European markets opened in red on Syria jitters, EUR grinding lower
Italy: Retail Sales contracted 0.2%MoM in June
EMU: M3 Money supply rose 2.2% YoY in July
EMU: Private Loans dropped 1.9% YoY in July
Safe havens on the rise as strike on Syria looms
Safe-haven currencies such as the USD and the JPY are the best performers given continued uncertainty. While the EUR/USD fell to daily lows at the 1.3330 zone, GBP/USD extended losses to fresh 2-week lows at the 1.5450 zone ahead of BoE Carney speech before the congress.
Meanwhile, USD/JPY trades slightly higher around 97.40, the AUD and the CAD are trading on the back foot.
Main Headlines in Europe:
Germany: Gfk Consumer Confidence Survey fell to 6.9 in Sept.
Germany: Import Prices rose 0.3% MoM in July
Switzerland: UBS Consumption Indicator at 1.41 in July
Commodities soar on military strike jitters
European markets opened in red on Syria jitters, EUR grinding lower
Italy: Retail Sales contracted 0.2%MoM in June
EMU: M3 Money supply rose 2.2% YoY in July
EMU: Private Loans dropped 1.9% YoY in July
Safe havens on the rise as strike on Syria looms