Session Recap: USD softer, markets await Syria developments

FXstreet.com (Córdoba) - The dollar trades a tad weaker on Monday amid uncertainty about whether the US will launch a strike on Syria. Most reports indicated that whether Congress would give such approval was an open question.

The GBP is among the best performers, having hit a fresh 3-week high of 1.5682, while EUR/USD consolidates just below 1.3200. The Australian dollar was lifted by upbeat Chinese data and pushed toward 0.9223 before losing momentum.

While tensions in Syria weigh on market sentiment, still the key driver these days remains the anticipation of Fed tapering later this month after August nonfarm payrolls disappointed last Friday.

Main Headlines in Europe:

Taper light may be what’s in store in September based on data and trading action

Switzerland: Unemployment Rate unchanged at 3.2% in August

Switzerland: Real Retail Sales rise 0.8% in July

Flash: What’s the sentiment around the EUR/USD today? – Commerzbank and UBS

Crude Oil Futures soar on Syria’s concerns

EMU: Sentix Investor Confidence positive for the first time since July 2011