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FX Street - Stocks rose while Dollar fell strong during the American session

<!–TITOL: <h1 id=”titol”>Stocks rose while Dollar fell strong during the American sessionFITITOL–>FXstreet.com (Córdoba) – The Dollar fell hard during the American session, despite a successfully action of $11 billion worth of 30-year Treasury note by the U.S. government. The Dow Jones gained 0.37% and Nasdaq 0.50%; both indexes finished far from intra-day highs. Gold ended up 0.75% as investors search for a refuge on a weaker dollar environment. Oil keeps moving on the way up and on Thursday rose 1.90%. <br /><br /> The Dollar lost across the board. EUR/USD rose 1% and GBP/USD 1.48%, USD/CHF fell 1.12% and USD/JPY 0.70%. Greenback practically lost yesterdays gains. The Pound reached an intra-day high at 1.6619 which is only 40 pips away of the 7-month high. USD/CHF fell finding support at 1.0650; only 60 pips above last week lows. <br /><br /> Cable on the other side, rose across the board. EUR/GPB reached a 5-month low, at 0.8500. GBP/JPY tested 162.00 but couldn’t break above. Despite that, reached 7-month highs. GBP/JPY is ending the day above 161.50 for the first time since October 21st. <br /><br /><br /><br />For more information, read our latest <a href=”http://www.fxstreet.com/news/forex-news/”>forex news</a>.
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This entry was posted on Friday, June 12th, 2009 at 11:15 am and is filed under Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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