Session Recap: USD mixed, EUR supported by data

FXstreet.com (Córdoba) - The dollar is mixed on the day, rising against the yen but falling against its European peers and commodity currencies.

The euro was underpinned by generally upbeat June final manufacturing PMI prints, with only Germany missing expectations by a slight margin. However eurozone inflation and unemployment data had little impact on the EUR/USD. The EUR/USD was last up 0.2% at the 1.3040 area.

USD/JPY rose to a 4-week high of 99.72 before easing to the 99.60 area, where it records a 0.4% gain, while the GBP/USD is only slightly higher at the 1.5520 zone despite a positive UK PMI reading. The Antipodean currencies are among the best performers, with AUD/USD hovering around 0.9200.

Main Headlines in Europe:

Flash: What does the EUR/USD have to offer? – Commerzbank and NAB

Germany: PMI Manufacturing slides to 48.6 in June

EMU: PMI Manufacturing rises slightly more than expected in June

UK: PMI Manufacturing expands to 52.5 in June

EMU: Preliminary annual June CPI up to 1.6%, as expected

EMU: Unemployment Rate lower than expected in May

Troika inspectors back in Greece

EUR/USD retreats to 1.3040

The bull run of the single currency is now running out of steam, dragging the EUR/USD to the current area around 1.3040 after hitting fresh intraday peaks beyond 1.3060...
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USD/JPY clings to gains

The USD/JPY edged higher at the beginning of the trading week, reaching a 4-week high underpinned by Nikkei gains and a solid tankan report.
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