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Session Recap: Euro and Pound under pressure, USD/JPY break down 93.00
Today's American session is seeing how the Euro is suffering after poor Eurozone GDP and a horrifying 27% unemployment rate with the EUR/USD testing levels around the 1.3300 frontier. Fundamentals in US has published good data as jobless claims continued its downtrend. However, it isn't about Dollar strengthening but Euro weakness.
Elsewhere, the pound fell to a fresh 6-month low sub-1.5500 versus the greenback, while the yen broke below the 93.00 level to a low of 92.65, minimum since Feb. 11.
Main Headlines in America (in chronological order):
US: Initial Jobless Claims fell to 341K Commodities Brief – Gold prices rally on waning equities Forex: GBP/USD goes under 1.5500 Forex: EUR/USD muted after US jobs data American equity markets stumble Thursday Session Recap: EUR/USD suffers after GDP, GBP/USD at 6-month lows Forex: EUR/USD consolidates around 1.3335/40