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Session Recap: EUR/USD under mild pressure

FXstreet.com (Córdoba) - FX market enjoyed a relatively calm session, with the USD mixed across the board, trading higher versus its European peers but lower versus the yen.

EUR/USD was subjected to very gradual pressure, sliding to the 1.3310 area from 1.3380 at the Asian opening. GBP/USD dropped below 1.5700 toward a low of 1.5615 ahead of the NY opening.

Elsewhere, USD/JPY hovers barely below the 95.00 mark, down 0.4% on the day while commodity currencies are little changed. European markets are mostly higher, tracking Asian gains, while US futures wavered ahead of the next string of US data including consumer sentiment and industrial production.

Main Headlines in Europe:

QE tapering? Plenty of USD bulls at ICU assuming so...

EMU: CPI rose 1.4% YoY in May

European equities edge higher Friday

Commodities Brief – Precious metals cling to bearish tendencies, crude at 97.0

S&P affirms Spain at BBB-, outlook negative

Flash: US data in focus ahead of FOMC – Investec

According to Lee McDarby, Corporate Treasury at Investec, “The market will closely observe the US PPI, Industrial Production and Consumer Confidence data, which we expect to provide additional insight into economic activity ahead of next week’s FOMC meeting.”
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