US Markets have opened Friday's session mixed around opening levels, amid improved market sentiment on eased concerns about Eurozone debt, yet following rather quiet trading sessions in Asia and Europe. In FX markets, the Dollar continues trading at multi-week lowsDow Jones Industrials Index edges 0.1% down, while the S&P500 and the Nasdaq Indexes remain practiccally flat in the first minutes of trading.
On the macroeconomic domain, in absence of key US data, Canadian leading indicators have increased at 0.9% pace in May, posting the 12th consecutive monthly advance and beating market expectations of a 0.7% growth. Furthermore, Foreign investors have bought a total net C$12.36 billion worth of Canadian securities in April, following a net sell of 640 million in March.
Dollar at multi-week lows
EUR/USD rally from 1.1875 low on Jun 7 attempted further appreciation at European session and reached a fresh 3-week-high at 1.2415, but, unable to hold above 1.2400, the pair has eased to 1.2355 session low ahead of Wall Street opening.
GBP/USD rallied on European morning and extended its rebound fro 1.4645 low yesterday to a 5-week high at 1.4885, to ease later on to session low levels right below 1.4800.
USD/JPY has been pulling down from resistance level at 91.10 -previous support- hit on Asian session opening, and the pair dropped back to fresh 3-weeks low at 90.45, to pick up at US opening and reach levels around 90.70.
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