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23 Apr 2013
Session Recap: Euro briefly dips below 1.3000
FXstreet.com (Córdoba) - The euro and other risky currencies weakened broadly during the European session, weighed by disappointing PMI data out of Europe and China. EUR/USD fell below 1.3000 and hit a low of 1.2972 before finding support and bouncing, helped by the positive opening in Wall Street.
The Cable also trimmed intraday losses early American session, while USD/JPY rose back to the 99.50 area. Commodity currencies also recovered ground and trade virtually unchanged against the dollar.
Main Headlines in Europe (in chronological order):
Forex Flash: Chinese data miss triggers weakness – UBS
Germany: Flash PMI Manufacturing falls to 47.9 in April
EMU: Flash PMI Manufacturing declines against expectations in April
Spain might get EU deficit target extension
S&P outlook on Japan could turn negative
European markets up despite PMI in Germany and China, Apple earnings on the way
Euro bears out of the caves
Commodities Brief – Precious metals held by key resistances, crude fortified above 88.00
The Cable also trimmed intraday losses early American session, while USD/JPY rose back to the 99.50 area. Commodity currencies also recovered ground and trade virtually unchanged against the dollar.
Main Headlines in Europe (in chronological order):
Forex Flash: Chinese data miss triggers weakness – UBS
Germany: Flash PMI Manufacturing falls to 47.9 in April
EMU: Flash PMI Manufacturing declines against expectations in April
Spain might get EU deficit target extension
S&P outlook on Japan could turn negative
European markets up despite PMI in Germany and China, Apple earnings on the way
Euro bears out of the caves
Commodities Brief – Precious metals held by key resistances, crude fortified above 88.00