Session Recap: USD mixed as focus turns to US debt Wed, Sep 25 - TopicsExpress

Session Recap: USD mixed as focus turns to US debt Wed, Sep 25 2013, 19:55 SGT (Córdoba) - The USD faced some pressure and retreated versus major competitors Wednesday, except against risk-sensitive currencies, amid concerns that US lawmakers will fail to reach a budget deal preventing a government shutdown next week. EUR/USD managed to regain the 1.3500 during the European session, while GBP/USD was lifted by strong UK CBI data and rallied toward 1.6050. Meanwhile, USD/JPY fell below 98.50 and USD/CHF tested support at 0.9100. On the other hand, currencies linked to commodities weakened a tad weighed by mild risk-off in financial markets. AUD/USD was hovering around 0.9350, while USD/CAD consolidates above 1.0300. During the New York session watch for durable goods orders and new home sales.

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