Forex | Forex | U.S. markets decline at the opening; Euro and pound Pick up (31/08/2009 14:14:00)

U.S. markets decline at the opening; Euro and pound Pick up

FXstreet.com (Barcelona) - U.S. markets have opened the week with declines weighed by sharp declines in financials and basic-materials sectors. Euro and Pound are breaking higher.

Dow Jones Industrials Index declines 0.65%, while the Nasdaq Index drops 1.34%, and the S&P Index drops 1.14% in the first minutes of trading.

Earlier in the day markets in Asia and Europe have gone through losses following a 6.7% drop in Chinese benchmark Index, while markets in the UK have been closed for holidays.

Euro and Pound pick up

EUR/USD has risen to levels above 1.4300 reaching 1.4320 after having remained moving in a range from 1.4260 to 1.4300 during most of the day.

GBP/USD has remained moving in a range from 1.6180 to 1.6235 for most of Asian and European sessions, and is trying to reach higher on early U.S session, reaching 1.6260 so far.

USD/JPY bounce at 92.55 has extended to levels above 93.00 during Asian session tio reach 93.30 and return to prices right below 93.00 at the time of writing.


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