Published: Fri, 03 Jul 2009 16:38:00 +0200

European Markets mixed, EUR rises and GBP lower

FXstreet.com (Barcelona) - European market are closing the current week mixing green and red numbers in Friday quiet session on US holiday. Dollar is mixed too, with EUR/USD higher and GBP/USD sliding.

DJ Eurostoxx 50 is advancing 0.04% , CAC 40 posts 0.03% higher, DAX XETRA declines 0.33%, AEX slides 0.04% and the IBEX 35 rises 0.19% so far today.

Retail sales in Europe have declined 0.4% between May, worse than 0.1% declines expected by market. Year over year, retail sales has fallen 3.3% in May, worse than 2.7% decreases expected by market and 2.3% declines posted previous month.

EUR/USD is rising 0.30% so far today to trade above 1.4000 after reaching 1.4028 as intra-day high. GBP/USD is 0.07% lower from opening price to trade below 1.6350 and post 1.6300 as 1-week low.

USD/JPY has been trading in a small range between 95.85 and 96.05 in the European session after posting 96.12 as intra-day high. USD/CHF has risen to 1.0900 and currently is down, posting 0.11% daily losses to trade around 1.0860/70.

By Fxstreet.com

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