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30 Apr 2013
Session Recap: USD extends decline ahead Fed's meeting
FXstreet.com (San Francisco) - The US dollar traded lower on Tuesday as investors are assuming that the Fed could remove language that signs the asset-purchase tapering this year. The idea comes from the weaker than expected Chicago PMI that April's figures showed contraction.
On the other side, housing prices jumped 9.3% in February and the Consumer Confidence rose well above expectations to 68.1 points in April. In Europe, Cyprus's parliament approved the EU bailout.
The EUR/USD rose to the highest level since April 17th at 1.3185. The GBP/USD extended its advance to trade at maximums since February at 1.5565 while the USD/JPY declined further to test the 97.00 level.
Main headlines in the American session:
US: S&P/Case-Shiller Home Prices Indices beats consensus, up by 9.3% in February
US: Chicago PMI disappoints at 49 in April
US: Consumer Confidence surprises and jumps to 68.1 in April
Cyprus' parliament approves EU bailout
Moody's downgrades Slovenia to Ba1, outlook negative
Wall Street closes higher on strong earnings
On the other side, housing prices jumped 9.3% in February and the Consumer Confidence rose well above expectations to 68.1 points in April. In Europe, Cyprus's parliament approved the EU bailout.
The EUR/USD rose to the highest level since April 17th at 1.3185. The GBP/USD extended its advance to trade at maximums since February at 1.5565 while the USD/JPY declined further to test the 97.00 level.
Main headlines in the American session:
US: S&P/Case-Shiller Home Prices Indices beats consensus, up by 9.3% in February
US: Chicago PMI disappoints at 49 in April
US: Consumer Confidence surprises and jumps to 68.1 in April
Cyprus' parliament approves EU bailout
Moody's downgrades Slovenia to Ba1, outlook negative
Wall Street closes higher on strong earnings