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Session Recap: USD declines on weak US data

FXstreet.com (San Francisco) - The Greenback ceded ground against its major rivals as investors were disappointed for the weaker than expected ADP employment data. The EUR/USD recover some ground from 1.2790 to the current 1.2845. The GBP/USD traded brief below the 1.5100 level but it is closing at 1.5135.

The USD/JPY declined from 93.65 to the current 93.00 level, the USD/CHF is tradin near to 1-week lows ar 0.9440, The USD/CAD tested again the 1.0125 but the pair recovered to close almost flat on the day at 1.0145 and the AUD/USD rose to the 1.0500, March 26 high, but the Aussie was rejected again.

Main headlines in the American session

US: ADP Employment Change fell to 158K in March

American equity markets trading unevenly after lackluster US ADP

Forex: GBP/USD presses higher on US session with BoE tomorrow

US: ISM Non-Manufacturing PMI disappoints at 54.4 in March

Forex: EUR/USD extends gains after US data

Fundamental Afternoon Wrap: All eyes on BoJ, ECB and BoE tomorrow

Cyprus would extend capital control for seven more days

Forex: AUD/USD retraces from highs and test the 1.0475

Forex: USD/CAD extending the decline, around 1.0130

Gold plummets during American trading to $1552.40

Forex: GBP/USD trading near session highs of 1.5149/50

Forex: EUR/USD hovering over 1.2845/50

Forex: USD/JPY finds support at 92.70, back to test 93.00

Wall Street closes lower on US data and N. Korea concerns

Wall Street closes lower on US data and Korea concerns

The US stocks market has closed Wednesday with losses as investors were disappointed by the weaker than expected ADP data. North Korea threat has also hurt the equities environment and late in the day, San Francisco Fed's William said QE could end as soon as this summer if economy improves.
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Forex: AUD/JPY above 97 ahead of a busy day

Busy Asian session ahead for AUD/JPY that trades at the moment 35 pips off session lows at 97.00 round. BoJ will have first meeting today with new governor Kuroda as chairman, and market has very high expectations on this event. “If Mr Kuroda disappoints at all then we could easily see a swift fall towards the 38.2% retracement level at 90.00” for USD/JPY, suggests FXWW founder Sean Lee, which, with AUD/USD at current levels above 1.0450, would mean 94 levels for the cross AUD/JPY.
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