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Wednesday's Major Currency Pairs Analysis: EUR/USD, GBP/USD, USD/JPY

Published 05/06/2015, 05:25 AM
Updated 04/25/2018, 04:40 AM

EUR/USD
The euro rose modestly against the U.S. dollar snapping a three-session skid, as concerns related to the Greek debt crisis. talk between Greece and its euro zone creditor were put on hold until Athens agreed to further reform measures deemed necessary to unlock critical aid, Elsewhere, the U.S. trade deficit in March soared to its highest level in more than six years.

EUR/USD Hourly Chart

GBP/USD
Sterling showed little reaction to a report that showing U.K. construction purchasing managers' index declined to an almost 22-month low of 54.2 last month from a reading of 57.8 in March The pound dipped to session lows after data showed that growth in the U.K. construction sector lost momentum in April, The report came after data last week showing similar weakness in the U.K. manufacturing sector last month and another report showing that economic growth in the U.K. slowed sharply in the first quarter of the year.

GBP/USD Hourly Chart

USD/JPY
Japanese yen rose against dollar, as dollar turned lower after official data showed that the U.S. trade deficit widened 43% to $51.37 billion in March, the highest level since 1996, as exports edged up 0.9% and imports surged 7.7%.

USD/JPY Hourly Chart

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