EUR/USD is exchanging at 1.3880 crawling higher on Thursday having ridden out two days of more terrible than anticipated news on Eurozone swelling and the US economy that have not in a broad sense modified observations of the approach viewpoint in either.
GBP/USD outperformed its crosses to hit a 2014 trading at 1.6911 after strong manufacturing PMI data surprised the markets to the upside.
AUD/USD is down just 2 points at 0.9287 after data releases this morning. Australia’s dollar held a two-day gain after Chinese data showed manufacturing picked up in April.
USD/JPY is trading at 102.30 up by 7 points after the US dollar declined on Wednesday; the pair is recovering the overreaction to lackluster GDP data but extremely positive ADP payroll numbers.
Gold continued to creep down trading at 1285.00 down almost $11 after the US FOMC continued its tapering program and tensions eased in the Ukraine. Traders pushed the Dow Jones to a record high yesterday