Session Recap: USD mixed heading into the weekend

By FXstreet.com | June 27, 2014 AAA

FXStreet (Córdoba) - The European morning ends with the USD broadly unchanged against majors, with the main exception of the yen, which is outperforming.

The EUR/USD and the GBP/USD show a similar picture, trading flat on the day at 1.3610 and 1.7025 respectively, after peaking during the Asian session.

the USD/JPY fell to a 1-month low of 101.30 before stabilizing in a range. “Japan data out overnight suggests consumption is weathering the April tax hike, and supports the case for no near-term BOJ action”, says the BBH analyst team.

Stocks are broadly higher in Europe, although still on track for weekly losses, while US futures point to a negative open.

During the New York session, the Reuters/Michigan consumer confidence data would be the highlight.

Main Headlines in Europe:

EUR creating some artificial volatility towards the end of month

Gold still moving inside the negative daily cloud

European stocks rise, still headed for weekly losses

Scope for further USD weakness in the short term - TD Securities

UK: GDP grows 0.8% in Q1, as expected

European Monetary Union Economic Sentiment Indicator came in at 102 below forecasts (103) in June

European Monetary Union Consumer Confidence registered at -7.5, below expectations (-6.7) in June

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