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10 Mar 2014
Session Recap: GBP underperforms in quiet trade
FXStreet (Córdoba) - A quiet Monday session has seen major pairs in the FX market consolidating in recent ranges following Friday's nonfarm payrolls report.
The pound is underperforming, having fallen back below 1.6700 versus the dollar, triggering stops toward a 10-day low of 1.6625. The EUR/USD failed to hold above 1.3900 and entered a consolidation phase within 1.3860/1.3900. The USD/JPY holds above 103.00 while the AUD/USD is struggling around 0.9000.
There is no first-tier data scheduled during the New York session, which could see crosses extend consolidation during the next hours.
Main Headlines in Europe:
Flash: What’s the sentiment around the EUR/USD today? – Commerzbank and Westpac
Eurozone Sentix Investor Confidence missed expectations (14) in March: 13.9
ECB's Noyer: Ending SMP sterilization among possible tools
Gold retreats around $1,340
Fed's Plosser expects US unemployment to fall to 6.2% by the end of 2014
The pound is underperforming, having fallen back below 1.6700 versus the dollar, triggering stops toward a 10-day low of 1.6625. The EUR/USD failed to hold above 1.3900 and entered a consolidation phase within 1.3860/1.3900. The USD/JPY holds above 103.00 while the AUD/USD is struggling around 0.9000.
There is no first-tier data scheduled during the New York session, which could see crosses extend consolidation during the next hours.
Main Headlines in Europe:
Flash: What’s the sentiment around the EUR/USD today? – Commerzbank and Westpac
Eurozone Sentix Investor Confidence missed expectations (14) in March: 13.9
ECB's Noyer: Ending SMP sterilization among possible tools
Gold retreats around $1,340
Fed's Plosser expects US unemployment to fall to 6.2% by the end of 2014