Stocks rose while Dollar fell strong during the American session
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%.
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.
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.
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