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Message: <blockquote data-quote="sudaspc" data-source="post: 15601717" data-attributes="member: 357959">Session Recap: USD weaker on Summers newsMon, Sep 16 2013, 13:50 EET | FXstreet.comShare on email Share on print  Related NewsEUR/USD remains bid around 1.3350EUR/CHF pops up slightly paring earlier lossesFXstreet.com (Córdoba) - The US dollar started the week on a weak note after the Lawrence Summers withdrew from the race to head the Federal Reserve.The news came just 2 days before the FOMC September meeting and leaves Fed's current vice chairman, Janet Yellen, as the clear front-runner for the job who is expected to take a more gradual approach to tightening monetary policy. Meanwhile, Signs of progress in Syria following a Russian-brokered deal also weighed on the USD while boosting stocks. Having left a weekly opening gap, EUR/USD is now hovering around 1.3350. GBP/USD rose to the 1.5960 zone before easing back to the 1.5925 area while USD/JPY fell back below the 99.00 mark, but remains well within its recent range.The AUD/USD is outperforming, having broken above the 100-day SMA to hit a high of 0.9390, while NZD/USD made a decisive break above the 200-day SMA to currently trade around 0.8200.</blockquote>

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