Wall Street plunges; Dollar and Yen stronger
FXstreet.com (Córdoba) – U.S. markets fell hard today with the Dow Jones losing 1.90% and the NASDAQ 2.30%. Fears about the economic future generated doubts to investors. Oil futures continued declining and closed below $63 a barrel. The Dollar and the Yen rose across the board.
GBP/USD fell below 1.6200 reaching at 1.6115 an intra-day low. The pair managed to stay above the lows of Monday at 1.6090. Cable is heading toward the fourth consecutive day of losses. The Pound also lost ground today against the Euro. EUR/GBP is back above 0.8600 and tested an important resistance zone at 0.8660.
The Yen rose across the boar for the third consecutive day. USD/JPY fell today after the Dollar failed to break above 95.40. GBP/JPY lost more than 200 pips today. The pair fell to 152.70 reaching a fresh one-month low.
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