EUR/USD picked up 16 focuses to exchange at 1.3479 after German and French PMI information printed on the positive site. Particularly solid numbers from Germany gave the cash a bit of energy as the US dollar debilitated as dealers start to concentrate on the FOMC meeting one week from now. Cash dealers are wagering that the Federal Reserve has stolen a walk against opponent national puts money headed straight toward higher premium rates.
GBP/USD is trading at 1.7018 down by 26 points today as the US dollar eased also. UK retail sales missed expectations with CORE year over year and month over month both missing expectation. The overall monthly increase pushed retail sales in the second quarter up 1.6 percent compared with the previous three months, a 16th consecutive increase and the longest period of growth since 2007. From the same three months a year earlier, sales advanced 4.5 percent, the most for a calendar quarter
AUD/USD tumbled by 13 points to trade at 0.9405 after rallying this week and looking like it could break the 95 level, the pair have tumbled for the last two days. The International Monetary Fund has cut its global economic growth forecast for 2014 because of weakness in the world’s two biggest economies.
USD/JPY showed little reaction to the release of inflation data which met expectations today. The pair is trading at 101.79. The dollar extended gains versus the yen after jobless claims fell by 19,000 to 284,000 in the week ended July 19, the fewest since February 2006 and lower than any economist surveyed by Bloomberg forecast, a Labor Department report showed today in Washington
Gold is easing as traders look elsewhere for returns. Gold declined $7.30 to trade at 1297.40. Money managers trimmed their net-long position by 8.5 per cent, US government data showed. Prices dropped 2 per cent last week, the first loss since May and helping to erase $1.38 billion from the value of exchange-traded products (ETPs) backed by the metal