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Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY (San Francisco) - Some risk aversion seen in the market following a weaker than expected ISM non-manufacturing PMI in December. The USD traded lower against the Euro, pound and the Yen. The Nippon currency was the winner of the day as GBP/JPY and EURJPY extended declines.

Investors were reluctant to take positions on Monday ahead of central banks meetings and the US employment report late in the week. In this framework, stocks posted losses, Treasury yields declined and gold advanced for sixth day.

The EUR/USD advanced for first time in three sessions and after reaching a fresh 1-month low at 1.3570 early in the day, the pair managed to recover ground and closed at 1.3630. The GBP/USD traded lower in the Asian session to nearly 2-week low at 1.6335, but the cable recovered ground in Europe and America to price above the 1.6400.

The USD/JPY lost the 105.00 area and traded briefly in sub-104 levels, but the pair bounced at 103.90 and closed at 104.20. The EUR/JPY declined for third day to 2-week low at 141.50. However, the Euro recovered ground and closed at 142.00 against the Yen.

Main headlines in the American session:

Canada: Industrial Product Price Index rises 0.1% in November

US: ISM Non-Manufacturing PMI slides to 53 in December

US: Factory Orders rise by 1.8% in November

Gold drops $30 in seconds

Wall Street opens the week with small losses
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