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Session Recap: USD declines on risk rebound; EUR/USD tests 1.32

FXstreet.com (San Francisco) - The market recovered the tone after Monday sharp declines and risk appetite has bounced on Tuesday with the Euro, Pound, Aussie and Canadian advancing against the US dollar.

The Greenback was the big loser of the session. beside the Yen, which trades sideways despite the BoJ intentions. Equities in the US have rallied recovering losses from 2013 biggest sell-off on Monday

Main headlines in the American Session:

US: Industrial Production beats consensus, at 0.4% in March

Forex: GBP/USD continues to edge higher into US session

Forex: EUR/USD capped by 100-day SMA

American equity markets recover Tuesday

IMF cuts global growth for fourth consecutive time, European recession likelihood 50%

Forex: GBP/USD hovering around 1.5300

Forex: EUR/USD retreats from highs

Forex: USD/CHF collapses to 0.9215, lowest since Feb 20

Forex: EUR/USD jumps to test the 1.3200 area

Forex: GBP/USD moves toward 1.5400

Forex: AUD/USD upside capped by 1.0400

Forex: USD/JPY declines to 97.35

Wall Street rallies on Corporate earnings

Wall Street rallies on Corporate earnings

The US stocks market has closed sharply higher on Tuesday after recovering ground from the 2013 biggest sell-off performed on Monday. Better-than-expected corporate earnings and economic reports on Inflation and Housing data fueled investors confidence.
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Forex: EUR/USD tests 1.3200; Seems there is room for further gains

The Euro advanced 175 pips against the Dollar throughout the European and American session from 1.3025 low to break above the 1.3150 and reach highest level since February 25 at 1.3200. The pair was unable to break above the 1.3200 but it remains around highs at 1.3175, closing in consolidation mode.
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