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Session Recap: The USD recovers ground on QE ending talks

After trading bearish in almost the whole session on mixed economic data, the USD was boosted by the Federal Reserve of San Francisco Chairman Williams' comments that said the QE could be reduced by summer and finished by year-end. Williams is a dove Fed's member.

The EUR/USD is closing almost flat on the day around 1.2880. The USD/JPY performed the same situation as the pair was moving in range between in 101.85 and 102.65. The AUD/USD extended its collapse to test the 0.9800, lowest level since June 2012.

Main headlines in the American session:

US Consumer Price Index (YoY) (Apr): 1.1%; -0.4% (MoM)

US: Initial Jobless Claims rose to 360K

US: Building Permits rose to 1.017M in April

Fitch affirms Japan´s rating A+

US: Philadelphia Fed Manufacturing Survey falls to -5.2 in May

Fitch upgrades Greek banks

Fed’s Williams gives the dollar a boost

Wall Street declines on QE end concerns

Wall Street declines on QE end concerns

The US stocks market has closed with losses on Thursday as investors were concerned following the Federal Reserve of San Francisco Chairman Williams' comments that said the QE could be reduced by summer and finished by year-end. Economic data was mixed.
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Commodities Brief: Precious metals finish mixed, Oil adds to previous gains

The precious metals markets finished the day mixed, while oil was able to add to previous gains and close higher for the second day in a row.
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