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14 May 2013
Session Recap: Mild risk aversion supports the USD
FXstreet.com (Córdoba) - The European session saw most pairs consolidating within its recent ranges, although risk aversion emerged after disappointing German data. Against this backdrop, commodity currencies are underperforming with USD/CAD reaching 2-week highs and AUD/USD briefly dipping below 0.9900.
European stocks are mixed, while US futures remain nearly flat after US import price data.
Main Headlines in Europe (in chronological order):
Germany: Annual CPI rises by 1.1% in April
Germany: Wholesale Price Index drops 0.2% in April, as expected
Eurogroup gives the green light to Greek and Cypriot bailouts
Commodities Brief – Gold declines off highs, bullish jump in the cards for crude?
Yields slide at Spanish short-term debt auction
EMU: ZEW Survey – Economic Sentiment rises less than expected in May
EMU: Annual Industrial Production decline slows down in March
European equity markets falter Tuesday amidst weak German ZEW
US: NFIB Business Optimism Index rose to 92.1 in April
European stocks are mixed, while US futures remain nearly flat after US import price data.
Main Headlines in Europe (in chronological order):
Germany: Annual CPI rises by 1.1% in April
Germany: Wholesale Price Index drops 0.2% in April, as expected
Eurogroup gives the green light to Greek and Cypriot bailouts
Commodities Brief – Gold declines off highs, bullish jump in the cards for crude?
Yields slide at Spanish short-term debt auction
EMU: ZEW Survey – Economic Sentiment rises less than expected in May
EMU: Annual Industrial Production decline slows down in March
European equity markets falter Tuesday amidst weak German ZEW
US: NFIB Business Optimism Index rose to 92.1 in April