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9 Aug 2013
Session Recap: EUR/USD trims weekly gains, AUD/USD outperforms
FXstreet.com (Córdoba) - It has been a relatively quiet American session where the US dollar managed to trim some of its weekly losses versus its European peers, although it extended its decline against commodity currencies.
Amid profit taking, EUR/USD pulled back from its peak of 1.3400 scored on Thursday, and slid toward 1.3331. Still, the EUR/USD is set to close at the 1.3340 region, up 0.5% for the week.
Meanwhile GBP/USD moved slightly off its 7-week high of 1.5573 to close the week around 1.5510, recording a 1.5% gain. USD/JPY took a breather on Friday, and spent the day in consolidation mode above 96.00.
The Canadian dollar managed to reverse early losses as investors shrugged off disappointing employment data. USD/CAD was last at 1.0280, recording its second daily fall in a row.
But the star of the week was the Australian dollar, which stands as the best performer, on track to score a 3.2% weekly gain around 0.9200, having reached a 10-day high of 0.9214.
Main Headlines in America:
Canada: Housing Starts fall more than expected in July
Canada: Unemployment rate ticks up to 7.2% in July
Obama calls for less harsh austerity in Greece
US: Wholesale Inventories fall 0.2% in June
Gold remains secure above 1300.00, WTI crude notches gains
Wall Street indexes close the week with losses
Amid profit taking, EUR/USD pulled back from its peak of 1.3400 scored on Thursday, and slid toward 1.3331. Still, the EUR/USD is set to close at the 1.3340 region, up 0.5% for the week.
Meanwhile GBP/USD moved slightly off its 7-week high of 1.5573 to close the week around 1.5510, recording a 1.5% gain. USD/JPY took a breather on Friday, and spent the day in consolidation mode above 96.00.
The Canadian dollar managed to reverse early losses as investors shrugged off disappointing employment data. USD/CAD was last at 1.0280, recording its second daily fall in a row.
But the star of the week was the Australian dollar, which stands as the best performer, on track to score a 3.2% weekly gain around 0.9200, having reached a 10-day high of 0.9214.
Main Headlines in America:
Canada: Housing Starts fall more than expected in July
Canada: Unemployment rate ticks up to 7.2% in July
Obama calls for less harsh austerity in Greece
US: Wholesale Inventories fall 0.2% in June
Gold remains secure above 1300.00, WTI crude notches gains
Wall Street indexes close the week with losses