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Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY (Córdoba) - Despite having printed a fresh 4-month high of 1.3390 on Thursday, the EUR/USD has had a forgettable session as it went back and forth to end the day near to where it started it. Same analysis fits to GBP/USD which rose to a peak of 1.5735 but failed to hold gains and dipped back below 1.5700 afterwards.

Meanwhile, USD/JPY managed to trim losses during the New York session, as sentiment improved following better-than-expected US data. The positive tone in financial markets also translated into stocks and commodities gains. Against this backdrop, the AUD and the CAD are closing the day higher.

Main Headlines in America:

US: Retail Sales up 0.6% in May

US: Initial Jobless Claims fell to 334K

US: Import Price Index fell 0.6% MoM in May

US: Business inventories rise 0.3% in April

Buba’s Weidmann: Low interest rates come with risks

Commodities Brief – Precious metals and crude remain locked in consolidation

Draghi says OMT necessary, effective and within ECB mandate

US markets advance on better jobs, sales data
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