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Session Recap: EUR/USD reverses losses, Yen weakens

FXstreet.com (Córdoba) - The dollar is mixed on the day but notably stronger against the yen and the franc as better appetite for risk weighed on perceived safe-haven currencies. USD/JPY regained the 102.00 level while USD/CHF was last up 0.5% at the 0.9675 zone.

The euro reversed early weakness and rose back to the 1.2950 zone versus the dollar, while the Cable bounced from lows and climbed to the 1.5130 region. The Aussie benefited from the stock markets' recovery and approached to the 0.9700 mark.

Main Headlines in Europe (in chronological order):

Germany: Import Price Index decline accelerates in April

Switzerland: Trade surplus narrows more than expected in April

France May Consumer Confidence falls to 79 vs 83 (April)

Switzerland: Employment Level rises to 4.152M in Q1

Flash: Record US Stock highs struggle with tapering expectations - DBS Group

Flash: Markets more prepared for paradigm change in USD - OCBC Bank

Flash: What can we expect of the EUR/USD? – Commerzbank and TD Securities

Commodities Brief – Precious metals fall to intraday lows, crude holding above key supports

'New Deal' to solve youth unemployment in the EU

Euro: lack of direction prevails

European equities trumpet forward Tuesday

The European markets surged ahead Tuesday, as investors return from the long holiday weekend. Indeed, much of last weeks losses and setbacks have now been erased with fresh gains on the day being garnered in these moments across the continental indices.
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USD/JPY clinging to 102.00

The pair is stabilizing around 102.00 the figure on Tuesday, climbing sharply from overnight lows around 101.20...
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