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Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY (Córdoba) - Majors continued in consolidation mode for most of the European session with the USD slightly weaker across the board.

Antipodean currencies rallied in the wake of PBoC which announced it will scrap the lending rates' floor as part of the reforms in the financial sector. AUD/USD and NZD/USD jumped, with the latter reaching fresh 1-month highs.

GBP/USD managed to rise above the 100-day SMA and printed a2-week peak of 1.5280. EUR/USD remains little changed at the 1.3120 zone, while USD/JPY hovers around 100.30, having bounced from a low of 99.80.

Main Headlines in Europe:

Germany: Producer Price Index unchanged in June

UK: PSNB down to £10.234B in June

G20 to focus on jobs growth, central bank stimulus

AUD/USD jumps after PBOC move

EUR/USD climbs near 1.3140 on China
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