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28 May 2013
Session Recap: USD rises on Dollar pro-risk trade
FXstreet.com (San Francisco) - The Greenback rose on Tuesday as investors’ confidence on the US economy was fueled by the upbeat economic data in consumer confidence and housing prices. The EUR/USD lost the 1.2900 area and it is closing the day at 1.2850.
The GBP/USD fell to test the 1.5030 support area and the USD/JPY enjoyed the US yield environment to rocket above the 102.00 price. The AUD/USD declined to test multi-year lows around the 0.9600 and the USD/CAD climbed above 1.0400 to reach levels not traded since August 2012 at 1.0410.
Main headlines in the American session:
US S&P/Case-Shiller Home Price Indices (YoY) up to 10.9% in Mar from 9.3% in Feb
US: Consumer Confidence improves more than expected in May
US yields firming, approaching March highs at 2.09%
Moody’s upgrades US banking system outlook to stable from negative
Wall Street opens the week with strong note
The GBP/USD fell to test the 1.5030 support area and the USD/JPY enjoyed the US yield environment to rocket above the 102.00 price. The AUD/USD declined to test multi-year lows around the 0.9600 and the USD/CAD climbed above 1.0400 to reach levels not traded since August 2012 at 1.0410.
Main headlines in the American session:
US S&P/Case-Shiller Home Price Indices (YoY) up to 10.9% in Mar from 9.3% in Feb
US: Consumer Confidence improves more than expected in May
US yields firming, approaching March highs at 2.09%
Moody’s upgrades US banking system outlook to stable from negative
Wall Street opens the week with strong note