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Session Recap: USD continues to shine

FXstreet.com (Córdoba) - The US dollar has continued to strengthen versus most competitors on Friday, after staging an impressive rally during the last New York session, which was fuelled by the USD/JPY breaking decisively above the 100.00 mark. The cross has gone as high as 101.73, its highest in 4 ½ years.

EUR/USD slipped below 1.3000 to test the 200-day SMA at 1.2975. The Cable also extended losses, weighed by soft UK trade data. Meanwhile, currencies linked to commodities are also being dragged by a stronger dollar, specially the AUD/USD which pierced below the parity level to hit a 10-month low.

Main Headlines in Europe (in chronological order):

Asian stock markets in focus, Nikkei explodes as USD cruises past yen

Commodities Brief – Silver surrenders 24.00 level, crude weakens below 96.00

UK: Goods Trade deficit narrows slightly in March

Greece Industrial Production (YoY) (Mar): -0.7% vs -4.3% (Feb)

Greece Apr Consumer Price Index (YoY): -0.6% vs -0.2% (Mar)

G7 expected to discuss austerity, back G20 stance on currencies

Germany: Trade surplus narrows less than expected in March

European equity markets record solid gains Friday

Gold tumbles to $1435.00

Forex: USD/CAD hovering over 1.0075/80

The ongoing USD rally is alleviating the late selling pressure that was surrounding the cross, lifting the USD/CAD from the vicinity of the parity level on Thursday to the key resistance at 1.0100 during the European morning...
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Forex: EUR/USD slips below 1.3000, tests 200 DMA

The US dollar has continues to build on Thursday's gains across the board, dragging EUR/USD to a fresh 2-week low sub-1.3000 at the beginning of the American session.
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