Session Recap: A mixed bag, GBP shines

FXStreet (Córdoba) - The European session has seen Antipodean currencies outperform once again and the euro under pressure driven by carry trades flows, while other majors pairs remain well-within previous days' ranges.

The EUR/USD is a tad lower but it has managed to hold above the 1.3520 area, while the GBP/USD was underpinned by better-than-expected employment data and rose to near 1.6800. UK ILO unemployment rate dropped to 6.6% in the 3 months to April, its lowest since 2009. The USD/JPY is the exception to the rule, having fallen to a low of 102.01.

The AUD/USD reached a fresh 1-month high of 0.9398 and remains within a striking distance of 0.9400. The NZD/USD hit a 2-week peak of 0.8573 ahead of the RBNZ rate decision Thursday.

No top-tier data out of Canada or the US is scheduled to guide investors during the New York session today.

Main Headlines in Europe:


What’s the sentiment around the EUR/USD? – Commerzbank and OCBC Bank

European stocks pull back from multi-year highs

UK: ILO Unemployment Rate down to 6.6% in April

Sterling rallies on further UK unemployment declines

ECB's Hansson: QE should be explored as an option

Buba's Dombret: Impact of ECB measures must be gauged before further easing