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Forex: EUR/USD hovering over 1.2900

FXstreet.com (Barcelona) - After climbing to fresh intraday highs in the vicinity of 1.2930 post-US data, the bloc currency has returned to the area of the key level at 1.29, as the NA session is drawing to a close.

Moving forwards to Friday’s docket, only Construction Output and Trade Balance figures are due in the EMU. Across the Atlantic, the only release will be the preliminary result of the Reuters/Michigan consumer sentiment index ahead of the speech by Fe’d N.Kocherlakota.

As of writing, the cross is up 0.15% at 1.2905 with the next hurdle at 1.2943 (high May 15) followed by 1.3030 (high May 14) and then 1.3050 (MA30d).
On the flip side, a break below 1.2843 (low May 15) would open the door to the psychological mark at 1.2800 and finally 1.2740 (2013 low Apr.14).

GBP/JPY rejects the 156.50

After bouncing at the 155.80 area to trade above the 156.00 and to test the intra-day high at 156.50, the GBP/JPY has been rejected by this level with the pair falling back to the 156.00 zone.
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Forex: EUR/GBP hits 9-day low

The euro extended its decline and fell to fresh lows against the pound during the American afternoon, given that the sterling has held pretty well to the recent greenback's comeback.
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