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Forex pairs in this Article » EUR/USD, USD/CHF, GBP/USD (San Francisco) - The Greenback traded sharply higher on Wednesday as safe havens rose amid speculations of US military action in Syria. In its condition of currency reserve, the USD advanced against its major competitors but the Pound as the Sterling was encouraged by the BoE Governor Mark Carney.

The Gold consolidated prices above 1,400 area and it closed 0.21% down at 1,417.20. The oil wrapped up 0.46% positive on the day at 109.51 after jumping momentarily above the 110.00 mark. US stocks performed it first positive day in the last 3 session, overall fueled by energy companies.

The greenback, tracked by the US Dollar index, rose 0.28% to close around 81.45, recovering from Tuesday’s pullback. The EUR/USD declined for third day and extended losses to fresh intra-week lows around 1.3305. The pair is closing now at 1.3340.

The USD/JPY recovered the 97.00 area and now it is closing its firs positive day in the week at 97.65. The USD/CAD traded sideways in between 1.0470 and 1.0490 and the AUD/USD extended losses to 3-week lows at 0.8890.

On the other hand, the GBP/USD logged its fifth negative day of the last six, however the damage was limited as the BoE's Governor Mark Carney said the BoE is optimistic about the growth in the United Kingdom, but they are ready to provide more easing "just in case."

The GBP/USD declined to 1.5425 but the pair recovered to 1.5550 following Carney's speech. Not the Cable is closing around 1.5525.

Main headlines in the American Session:

Safe havens on the rise as strike on Syria looms

Carney: BoE ready to inject fresh stimulus to support the recovery

US: Pending home sales fall 1.3% in July

S&P says rising US student debt could be a long-term drag on consumer finances

Merkel and Cameron headlines re Syria

Wall Street closes slightly higher on energy prices
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