15 Jul 2014
Session Recap: GBP outperforms, EUR lags after data
FXStreet (Córdoba) - The US dollar is mostly higher today, with the Cable as the main exception. The GBP/USD rocketed to the 1.7145 area after UK CPI came in much stronger than expected.
The EUR/USD has been weighed by EUR/GBP selling and a series of disappointing Eurozone data, with the pair falling back below 1.3600. The USD/JPY was confined to a narrow range around 101.60, while currencies linked to commodities are under broad pressure in a cautious environment.
Today, Federal Reserve Chair Janet Yellen will testify before the US Congress. The speech will attract market's attention and potentially enliven trading activity.
Elsewhere, European markets turned lower after a quiet opening, while US futures were little changed. Gold managed to steady above $1310 an ounce after posting its biggest drop this year the previous day.
Main Headlines in Europe:
What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank
UK: Annual CPI rises to 1.9% in June
Germany ZEW Survey - Economic Sentiment came in at 27.1 below forecasts (28) in July
European Monetary Union ZEW Survey - Economic Sentiment came in at 61.8 below forecasts (62.3) in July
BoE's Carney: Higher leverage ratio would mean a more resilient banking sector
BoE's Carney: Timing of first rate hike dependent on economic data
The EUR/USD has been weighed by EUR/GBP selling and a series of disappointing Eurozone data, with the pair falling back below 1.3600. The USD/JPY was confined to a narrow range around 101.60, while currencies linked to commodities are under broad pressure in a cautious environment.
Today, Federal Reserve Chair Janet Yellen will testify before the US Congress. The speech will attract market's attention and potentially enliven trading activity.
Elsewhere, European markets turned lower after a quiet opening, while US futures were little changed. Gold managed to steady above $1310 an ounce after posting its biggest drop this year the previous day.
Main Headlines in Europe:
What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank
UK: Annual CPI rises to 1.9% in June
Germany ZEW Survey - Economic Sentiment came in at 27.1 below forecasts (28) in July
European Monetary Union ZEW Survey - Economic Sentiment came in at 61.8 below forecasts (62.3) in July
BoE's Carney: Higher leverage ratio would mean a more resilient banking sector
BoE's Carney: Timing of first rate hike dependent on economic data