Session Recap: USD mixed, US data in focus

FXstreet.com (Córdoba) - The dollar is firmer versus European rivals and the yen and a tad lower against commodity currencies, although moves have been modest as investors await the US GDP revision, initial jobless claims and housing data.

EUR/USD failed to sustain gains and trades just below 1.3500 while GBP/USD fell back below 1.6050 after the UK’s final Q2 GDP came lower than expected. USD/JPY was rejected from above 99.00 and dropped back to 98.50 after the Japan's pension panel statement offered little details about reforms and weighed by Fed Lacker comments. The AUD/USD was slightly higher at 0.9380 and the USD/CAD was struggling around 1.0300.

Elsewhere, European stocks were a touch softer while US futures pointed for a positive opening ahead of jobs and housing data.

Main Headlines in Europe:

US debt ceiling concern creeps into Asian session

European open: US fiscal speculation supplants US monetary speculation

EMU: M3 Money Supply up 2.3% in August

UK: GDP grows 0.7% in Q2, as expected

UK: Current Account deficit widens more than expected in Q2

Fed's Lacker warns forward guidance could damage US growth

Sterling slides on GDP revision

Italian president cancels participation to event due to 'disturbing political event'