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Forex pairs in this Article » EUR/USD
FXstreet.com (San Francisco) - Sometimes less is more and it happens today with the US GDP. The Greenback advanced on Wednesday against its major competitors as investors watched the revision to a growth of 1.8% in Q1 in the United States as a sign that the Federal Reserve is far from tapering its QE.

However, the market felt that the US is in better shape than the United Kingdom and the Eurozone and, in this way, they bet to buy stocks and Dollars. Overall, the bears in the EUR/USD are in charge. The EUR/USD tested today the 1.3000 area after falling around 100 pips and it reached the lowest level since June 3 at 1.2980.

The GBP/USD declined further to touch the 1.5300 level and currently it's trading around 1.5315. The USD/JPY didn't rise however, but the pair moved in sideways and it is currently closing almost flat on the day.

The AUD/USD rallied to the 0.9345 level but it retraced to close to the current 0.9275. The USD/CAD performed its first negative day in the last 9 with the pair testing yesterday's lows around 1.0455, where the pair bounced to trade at the current 1.0480.

Main headlines in the American session:

US 1Q Gross Domestic Product Annualized revised down to 1.8%

Gold a mover and shaker today, down over 3%

ECB’s Noyer says accommodative policy will remain as long as necessary

Gold bounces from 3-year low after disappointing US GDP

Fed’s Lacker: Fed not anywhere near cutting size of balance sheet

Wall Street rises for second day on No-Tapering idea
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