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Session Recap: Majors consolidate, AUD and NZD underperform

FXstreet.com (Córdoba) - FX market saw a quiet European session on Thursday, with the dollar mixed across the board and most crosses consolidating within their recent ranges. The EUR/USD trades around 1.2875, virtually unchanged ahead of the NY, where investors will be watching for April inflation data, housing starts, building permits and initial jobless claims.

However, Antipodean currencies are underperforming. The Australian dollar fell to a fresh 11-month low below 0.9800, while the Kiwi dollar hit a 6-month low against the greenback.

Main Headlines in Europe (in chronological order):

Spain signs up to EU plan to combat youth unemployment

Commodities Brief – Precious metals inking fresh intraday lows, silver precariously close to 22.05 critical support

EMU: Annual CPI at 1.2% in April, as expected

EMU: Trade surplus widens to €18.7B in March

Ex- Eurogroup Chief Juncker says Europe’s ‘undoubtedly on track’ to resolve the crisis

Abenomics stimulate Japanese recovery

European equity markets mixed after EMU CPI

Euro posed for further downside

Forex Flash: TRY – Weak data support further cuts – TD Securities

The CBRT delivered aggressive easing of the three main rates, by cutting the benchmark repo rate to 4.50%,
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Forex: EUR/NOK retracing gains on better GDP

The Norwegian krone is picking up pace against the euro on Thursday after hitting session lows in the boundaries of 7.5600, now dragging the cross to sub 7.5400 levels on better-than-expected GDP figures...
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