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Session Recap: USD mixed in risk-off trading

FXstreet.com (Córdoba) - The US dollar strengthened on Friday and trimmed previous days' losses versus most competitors while stocks traded broadly lower given the risk-off mood surrounding financial markets into the month-end.

The yen and the franc rose to fresh 3-week highs against the dollar, while the greenback gained against the euro and sterling. Commodity currencies erased yesterday's gains, with the kiwi among the worst performers falling to a 9-month low sub-0.8000.

Main Headlines in Europe (in chronological order):

Germany: Annual Retail Sales rise 1.8% in April

Switzerland: KOF Leading Indicator up to 1.1 in May

Flash: USD continues to be buffeted by Fed expectations - OCBC Bank

UK: Mortgage Approvals rise to 53.710K in April

EMU: Annual CPI-Core rises more than expected in May

EMU: Unemployment Rate up to 12.2% in April, as expected

Commodities Brief – Precious metals shed recent gains, gold holds above 1400 barrier

ECB’s Visco reiterates renewed action from members for stabilized euro

European equities trading in the red

USD/CAD upside attempts capped around 1.0360

The Canadian dollar has resumed its downside against the buck on Friday, pushing the cross to the positive ground for the first time after two consecutive daily pullbacks...
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Flash: Lukewarm QE tapering rumors permeates market – Deutsche Bank

Taking a brief look at yesterday's markets, we saw more of a 'goldilocks' data scenario for both fixed income and equities as the numbers were not too hot to intensify QE tapering fears but not too cold to doubt the prospects of the recovery.
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