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Forex pairs in this Article » EUR/USD, USD/CHF, GBP/USD, USD/JPY (Córdoba) - Even though reduced tension regarding Syria gave high yielding currencies and stocks some relief, the USD extended gains on Thursday as month-end buying kicked in.

EUR/USD finally broke below 1.3300, which had contained the pair over the last 2 weeks, and accelerated toward the 1.3240 area. GBP/USD has managed to hold above the 1.5500 mark and trades little changed around 1.5515.

Meanwhile, the USD strengthened sharply versus the JPY and the CHF, with USD/CHF reaching a 2-week high just ahead of the 0.9300 level. Currencies linked to commodities are a tad lower with USD/CAD hovering around 1.0500 and AUD/USD around 0.8930.

Investors will now be watching for the second reading of US gross domestic product for the second quarter as markets continue to look US data closely ahead of the Fed’s meeting next month.

Main Headlines in Europe:

Commodities soar on Syria’s threat

France: Business Climate up to 98 in August

Spain: Q2 GDP contracted 1.6% YoY

Switzerland: Employment Level at 4.166 M QoQ in Q2

Germany: Unemployment Change up 7K in August

Bourses in Euroland revert losses, EUR plummets

Flash: What’s the sentiment around the EUR/USD? – Commerzbank and ANZ
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