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10 Sep 2014
Session Recap: EUR resilient amid USD gains
FXStreet (Córdoba) - Another quiet European session has seen the US dollar extending gains versus the yen to fresh 6-year highs, while the Aussie has been heavily sold-off.
There was little in terms of news or events, so focus has remained in the Scotland independence vote, with an online survey giving the lead to 'yes' (53.9% vs 46.1%). GBP/USD fell to a fresh 10-month low of 1.6051 but bounced soon after.
EUR/USD has traded in a narrow range, spiking briefly to a high of 1.2962 before pulling back to trade nearly flat. USD/JPY pushed to a fresh high of 106.79, while AUD/USD also underperformed, sliding to a 5 ½-month low of 0.9112.
Elsewhere, US Treasury yields have continued to edge higher, with 10-year Treasury yield higher at 2.51%, while European stocks and US futures trade broady lower amid geopolitical concerns and prospects the Fed could signal a rise in interest rates.
There is no first-tier data scheduled for the New York session.
Main Headlines in Europe:
European stocks fall for a fourth day
Greece Consumer Price Index - Harmonized (YoY) above forecasts (-0.6%) in August: Actual (-0.2%)
Pound falls on Scottish referendum poll rumors
Merkel urges Eurozone countries to continue supporting recovery by implementing reforms
Germany 10-y Bond Auction declined to 1.05% from previous 1.08%
Portugal Consumer Price Index (YoY) above forecasts (-0.8%) in August: Actual (-0.4%)
There was little in terms of news or events, so focus has remained in the Scotland independence vote, with an online survey giving the lead to 'yes' (53.9% vs 46.1%). GBP/USD fell to a fresh 10-month low of 1.6051 but bounced soon after.
EUR/USD has traded in a narrow range, spiking briefly to a high of 1.2962 before pulling back to trade nearly flat. USD/JPY pushed to a fresh high of 106.79, while AUD/USD also underperformed, sliding to a 5 ½-month low of 0.9112.
Elsewhere, US Treasury yields have continued to edge higher, with 10-year Treasury yield higher at 2.51%, while European stocks and US futures trade broady lower amid geopolitical concerns and prospects the Fed could signal a rise in interest rates.
There is no first-tier data scheduled for the New York session.
Main Headlines in Europe:
European stocks fall for a fourth day
Greece Consumer Price Index - Harmonized (YoY) above forecasts (-0.6%) in August: Actual (-0.2%)
Pound falls on Scottish referendum poll rumors
Merkel urges Eurozone countries to continue supporting recovery by implementing reforms
Germany 10-y Bond Auction declined to 1.05% from previous 1.08%
Portugal Consumer Price Index (YoY) above forecasts (-0.8%) in August: Actual (-0.4%)