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22 Apr 2015
EUR/USD ends unchanged, GBP outperforms
FXStreet (Córdoba) - It was another volatile US session with the same results for EUR/USD, which is ending the day virtually unchanged around 1.0730. EUR/USD reached a daily high of 1.0800 but erased gains afterward as the dollar picked up momentum following upbeat US housing data.
The data showed US sales of existing homes rose 6.1% to a seasonally adjusted annual rate of 5.19 million, the fastest pace in 18 months.
USD/CHF steep rise also helped the dollar across the board. USD/CHF rose more than 200 pips after the Swiss National Bank (SNB) said it has considerably reduced the group of sight deposit account holders that are exempt from negative interest. EUR/CHF also advanced nearly two big figures and climbed above 1.04.
USD/JPY reached a weekly high of 119.95 but lacked strength to clear the 120 area. Gold slumped 1.4% to $1,185 an ounce dragged by USD strength.
The pound was outperforming, having posted a 5-week high of 1.5078 after BoE minutes were perceived as slightly hawkish.
During the Asian session, Australian business confidence and China’s HSBC Manufacturing PMI will be the main events.
The data showed US sales of existing homes rose 6.1% to a seasonally adjusted annual rate of 5.19 million, the fastest pace in 18 months.
USD/CHF steep rise also helped the dollar across the board. USD/CHF rose more than 200 pips after the Swiss National Bank (SNB) said it has considerably reduced the group of sight deposit account holders that are exempt from negative interest. EUR/CHF also advanced nearly two big figures and climbed above 1.04.
USD/JPY reached a weekly high of 119.95 but lacked strength to clear the 120 area. Gold slumped 1.4% to $1,185 an ounce dragged by USD strength.
The pound was outperforming, having posted a 5-week high of 1.5078 after BoE minutes were perceived as slightly hawkish.
During the Asian session, Australian business confidence and China’s HSBC Manufacturing PMI will be the main events.