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Session Recap: USD advances on a quiet Monday

FXstreet.com (San Francisco) - The Dollar extended its gains on Monday with the Greenback rising against its major competitors as risk aversion dominated the sentiment. The Dollar index rallied for third day. Market is concerned about the talks on the Fed tapering the QE program as soon as this year.

In a lackluster Monday, the EUR/USD remained above the 1.2950 key lvel, the GBP/USD extended loses below the 1.5300 area and the AUD/USD broken the parity and declined further to trade below the 0.9950. The USD/JPY moved sideways.

In the data front, US retail sales surprised investors expanding 0.1% on a monthly basis during April, leaving behind the median at -0.3% and March’s 0.5% contraction. The Eurogroup approved €7.5 Bn in aid for Greece.

Main headlines in the American session:

US: Retail Sales up 0.1% in April

EU Dijisselbloem: Issue of EU treaty change for banking union can be addressed later

Fitch warns that Europe still deep in crisis

The eurogroup approves 7.5 Bn in aid to Greece

Wall Street closes mixed on a lackluster Monday

Wall Street closes mixed on a lackluster Monday

The US stocks market closed Monday's session with a mix of green and red numbers as investors were concerned on talks about the fed ending QE program as soon as this year.
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Forex: USD/JPY tests 102.00 as next milestone; ready for more?

Despite popped to 102.14 in the early European session and testing the 102.05 again after the US retail sales data, the USD/JPY was trading in a quiet, constructive and safe consolidation phase between 101.55 and 101.95 on Monday. The USD/JPY is currently at 101.80, almost flat on the day.
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