18 Jul 2013
Session Recap: USD advances ahead of more Bernanke
FXstreet.com (Córdoba) - Majors trade within recent ranges on Thursday, with the USD slightly firmer particularly against the JPY and the AUD.
Overall moves remain limited and trading ranges narrow in the FX space as participants refrain from taking big positions ahead of Ben Bernanke's second testimony later on the day, which will likely set the tone again.
EUR/USD is stable just above 1.3100 and GBP/USD is nearly flat at the 1.5220 zone. USD/JPY consolidates intraday gains above the 100.00 level while the AUD/USD gave up yesterday's gains to trade near 0.9170.
Main Headlines in Europe:
Switzerland: Trade surplus widens to 2.732M in June
EMU: Current Account surplus narrows to €19.6B in May
UK: Annual Retail Sales rise 2.2% in June
ECB's Assmussen: Monetary policy to remain expansionary for as long as needed
Spain sells debt at lower yields
German Fin Min to offer financial aid to Greek businesses
Schäuble praises Greek reforms, urges more effort
Overall moves remain limited and trading ranges narrow in the FX space as participants refrain from taking big positions ahead of Ben Bernanke's second testimony later on the day, which will likely set the tone again.
EUR/USD is stable just above 1.3100 and GBP/USD is nearly flat at the 1.5220 zone. USD/JPY consolidates intraday gains above the 100.00 level while the AUD/USD gave up yesterday's gains to trade near 0.9170.
Main Headlines in Europe:
Switzerland: Trade surplus widens to 2.732M in June
EMU: Current Account surplus narrows to €19.6B in May
UK: Annual Retail Sales rise 2.2% in June
ECB's Assmussen: Monetary policy to remain expansionary for as long as needed
Spain sells debt at lower yields
German Fin Min to offer financial aid to Greek businesses
Schäuble praises Greek reforms, urges more effort