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2. Forex- Dollar slides lower vs. other majors, U.S. data on tap.
Forex- GBP/USD slips lower with U.S. data in focus.
Forex- Euro steady as dollar remains under pressure
www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date:17-Apr
INTERNATIONAL CURRENCY BUZZ
GBP/USD
EUR/USD
GBP/USD hit 1.4812 during European morning trade, the session low; the pair subsequently
consolidated at 1.4827, slipping 0.10%.The pound slipped lower against the U.S. dollar on
Thursday, but losses were expected to remain limited as sentiment on the greenback re-
mained vulnerable after the previous session's downbeat U.S. data and ahead of additional
U.S. economic reports due later in the day.The dollar remained under pressure after data
on Wednesday showed that U.S. industrial production fell 0.6% in March, the largest fall
since August 2012 and worse than economists' expectations for a 0.3% decline.The added to
speculation that the Federal Reserve could delay hiking interest rates until late 2015, instead
of tightening midyear.
EUR/USD was at 1.0685, after rising to one-week highs of 1.0747 overnight. The euro was
steady near one-week highs against the dollar on Thursday, as the greenback remained un-
der pressure after weak U.S. industrial output data added to signs that the economic re-
covery is slowing. Official figures on Wednesday showed that U.S. industrial production fell
0.6% in March, the largest fall since August 2012 and worse than economists'
expectations for a 0.3% decline. The reports, coming on the heels of disappointing retail
sales data, added to speculation that the Federal Reserve could delay hiking interest rates
until late 2015, instead of tightening midyear
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