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Session Recap: USD trade lower on a consolidation day

FXstreet.com (San Francisco) - The Greenback traded lower on Tuesday following the Monday's gains as the market was focused on the RBA rate cut and the stocks rally. On the other hand, the euro trade overall positive in the day but losing strength in the American session.

The EUR/USD traded above the 1.3100 level but the pair was unable to hold sentiment and now the single currency is pricing at 1.3075 against the Greenback. The GBP/USD declined below the 1.5500 area and the USD/JPY is dealing with the 99.00.

Against the yen, the euro traded below the 130.00 frontier but against the Pound the single currency advanced to test levels above the 0.8450.


Main headlines in the American Session:

Eurogroup chief considers Cyprus bailout deal the best possible solution

Forex: EUR/USD erasing daily gains after US optimism

Portugal: We’ll be back…

US sells $20 Bn of 4-week notes at 0.0%

US: Consumer Credit rises by $7.97B in March

Wall Street extends rally with the Dow closing above the 15,000 for first time

Wall Street extends rally with the Dow closing above the 15,000 for first time

The US stocks market closed higher on Tuesday as investors are inside in a risk environment and bullish trend. The Dow Jones closed above the 15,000 level, the S&P 500 finished its 11 positive session of the last 13.
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Forex: EUR/USD closed flat on the day, what’s moving the Euro?

After all, the single currency is closing flat on the day at 1.3075 against the Dollar. No matter than the EUR/USD has risen to 1.3100 or has declined fast to 1.3070, the pair remained unchanged on Tuesday. So, what’s moving the euro?
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