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Session Recap: USD advances on risk aversion; Yen recovers further

FXstreet.com (San Francisco) - The Dollar is trading higher on Monday as investors have been trading in risk aversion mode on China growth concerns and and Boston developments. The Yen continues with its strengthening against its major competitors.

The EUR/USD declined from 1.31 lows to trade at 1.3030; The GBP/USD trded its second negative session in a row with the pair declining below the 1.5300 level; The USD/JPY collapsed for third day to price below the 97.00 mark.

Regarding the Yen, the Fed 'advice' is hurting the BoJ plan to weaken the JPY with the GBP/JPY tested the 148.00 area after losing 370 pips from intra-day highs and the EUR/JPY collapsing to 126.10 following a 300 pips declined from 129.30.

Main headlines in the American session:

US: NY Empire State Manufacturing index fell to 3.05 in April

American equity markets fall along with commodities

US: NAHB Housing Market Index falls to 42 in April

Forex: EUR/USD remains below 1.3100 after US housing

Forex: AUD/USD falls below 200-day SMA

Gold down over 8% as "ketchup effect" takes hold

Forex: GBP/USD breaches the 1.5300 handle

Forex: EUR/USD extends losses below 1.3050

Forex: USD/CAD rises to 1.0235, highest since March 22nd

Forex: AUD/USD tests 1.0300/10 zone, lowest since March 13th

Wall Street collapses on China growth concerns

Wall Street collapses on China growth concerns

The US stocks market closed lower on Monday as investors were trading in risk aversion on China growth concerns and fueled by the bad sentiment from Boston bombs developments. The Dow performed its worst day since November 7th.
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Forex: EUR/USD falls to 1.3020, fresh intra-day low

The Euro is extending its decline against the US dollar as investors are trading in a risk aversion environment on China growth and Boston bombs developments. After declining around 40 pips in the last hour from 1.3060, the EUR/USD has broke down the 1.3050 level again and it has reached fresh lowest since April 9 at 1.3020.

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