Fri, 02 Jul 2010 12:13:00 +0200

Forex: Currencies on tepid moves, market expectant on NFP

FXstreet.com (Barcelona) - Friday's mid-morning European session may be characterized by lesser volatile fluctuations, as the market awaits expectant the NFP data in the US. The British currency was the best performer, after advancing against all its major rivals. A similar picture was seen in the Euro, as the Hegemonic currency consolidated its gains, only falling very moderately. The Japanese Yen gave up small portions after recent strong progressions, while the USD pared timidly some of its losses..

EUR/USD displayed short movements in Europe, current price is stuck at 1.2510, after ranging from 1.2480 (intra-day low) to 1.2532 (intra-day high). USD/CHF topped at 1.0695 but failed to maintain the rise and pulled-down to 1.0645, a 0.56% rise compared its opening level GBP/USD surpassed 1.5200 but retreated to currently lie at 1.5185, a 0.10% increase from previous close. USD/JPY attacked 88.00 again, topping at 88.20, although a rejection from high led the pair to 87.85 now.