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Session Recap: USD rises on Dollar pro-risk trade

FXstreet.com (San Francisco) - The Greenback rose on Tuesday as investors’ confidence on the US economy was fueled by the upbeat economic data in consumer confidence and housing prices. The EUR/USD lost the 1.2900 area and it is closing the day at 1.2850.

The GBP/USD fell to test the 1.5030 support area and the USD/JPY enjoyed the US yield environment to rocket above the 102.00 price. The AUD/USD declined to test multi-year lows around the 0.9600 and the USD/CAD climbed above 1.0400 to reach levels not traded since August 2012 at 1.0410.

Main headlines in the American session:

US S&P/Case-Shiller Home Price Indices (YoY) up to 10.9% in Mar from 9.3% in Feb

US: Consumer Confidence improves more than expected in May

US yields firming, approaching March highs at 2.09%

Moody’s upgrades US banking system outlook to stable from negative

Wall Street opens the week with strong note

Wall Street opens the week with strong note

The US stocks market have closed Tuesday with strong gains as investors' confidence was fueled by better than expected US consumer confidence data and a real states prices picking up speed.
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EUR/USD extends loses to 1.2850; USD ready for more bearishness

The Greenback has been the winner in the first session after the US Memorial day long weekend. The EUR/USD traded lower on the day after the US Dollar joined a pro-risk environment with the pair losing 0.57% on the day to close around 1.2850.
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