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Session Recap: USD mixed heading into the long weekend

FXstreet.com (Córdoba) - The dollar trades mixed against major competitors, advancing versus the currencies linked to commodities but weaker against its European peers and the yen ahead of the long weekend in the US.

The euro rose in the wake of stronger than expected German IFO confidence reading, but has been unable to break above the 1.3000 mark. European stocks area broadly lower for a second day, while US futures point for a negative opening.

Friday's data offers up durable goods orders in April, with consensus calling for a 1.5% rise after a 6.9% plunge in March.

Main Headlines in Europe (in chronological order):

Germany: Gfk Consumer Confidence Survey improves slightly in June

Germany: Annual GDP declines 0.2% in Q1


Flash: Euro remains supportive against USD - BTMU

Germany: IFO – Business Climate improves to 105.7 in May

Flash: Bernanke´s speech has effected market dynamic - DBS Group

Commodities Brief – Precious metals capped at key resistances, crude recovers and targets upside at 95.50

Draghi: ECB eliminated risk of euro collapse

European equities continue the downside Friday

Buba head sees no conflict between consolidation and growth

EUR/USD hovering over 1.2965/70, US data eyed

The single currency remains calm ahead of the only release in the US calendar - Durable Goods Orders - orbiting around 1.2960/65 in the European afternoon....
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Flash: Quiet before the storm – TD Securities

Research teams at TD Securities say that trading is a little calmer after some of the big moves seen in the past couple of days, but the risk-off mood prevails.
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