EUR/USD fell considerably on Thursday, as strong GDP growth in the U.S. over the second quarter bolstered the case of hawks on the Federal Reserve for an imminent interest rate hike before the end of the calendar year. The currency pair traded between 1.0895 and 1.0990 on Thursday, before settling at 1.0930, down 0.50% for the session.
The pound fell against the U.S. dollar on Thursday, after data showing that U.S. economic growth accelerated in the second quarter added to expectations for a rate hike later this year. GBP/USD traded at 1.5608.
The Japanese yen was slightly weaker on Friday as core consumer prices in June rose slightly and other Japanese data on jobs and household spending was down beat. Core consumer prices gained 0.1% in June year-on-year, compared to an expectation for a flat outcome. Japan's unemployment rate came in at 3.4%, a tick higher than the 3.3% seen while household spending fell 2.0%, well off a 1.7% gain expected. USD/JPY traded at 124.15.
