Session Recap: USD mixed ahead of key events

FXstreet.com (Córdoba) - The USD trades little changed on the day versus major competitors, although slightly weaker against the euro as markets wait for the week's key events that begin tomorrow.

The Australian dollar is the worst performer in the FX space, weighed by dovish comments from RBA Stevens. The EUR/USD has accomplished slight gains, reaching a fresh day high of 1.3279, while GBP/USD dipped to low of 1.5294. USD/JPY erased intraday gains during the European session after peaking at 98.45.

Main Headlines in Europe:

Germany: Gfk Consumer Confidence Survey improves slightly in August

European equity markets open firmer

EMU: Consumer Confidence grows to -17.4 in July, as expected

Japan does not expect Chinese economy to deteriorate significantly

Is the worst over for Spain after nearly two years of recession?

German CPI next: impact on EUR/USD

Germany will release its advanced figures for the consumer prices during July. Prior surveys expect the headline CPI to increase at an annual rate of 1.8%, matching June’s print. The Harmonised CPI is expected a tad lower at 1.8% from 1.9%...
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USD/JPY in lows below 98.00

The Japanese yen continues to appreciate against its American counterpart on Tuesday, dragging the USD/JPY to lows in sub 98.00 levels....
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