Wall Street continues its declines, Dollar under pressure on oil drop
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DiggFXstreet.com (Barcelona) – US Stock markets are falling today's Monday session following the worldwide declines after the Chinese sell off. Commodities have led the decreases with the oil barrel falling under $70.00, fueling commodities pair and pushing pressure on Dollar. Pound and Euro higher.
Dow Jones are dropping 1.05%, posting the index below the 9,500 level, S%P 500 is falling 1.30% on the day and the Nasdaq index declines 1.33% so far today.
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.
Commodity pairs are rising today's American session on the back of oil barrel is declining below $70.00. AUD/USD has jumped around 100 pips from 0.8338, intra-day low, to trade above 0.8400 and post intra-day high at 0.8452.
NZD/USD trades at daily highs close to 0.6850 after rising 60 pips in the American session from 0.6790. USD/CHF has fallen quickly 80 pips in the beginning of the American morning to trade below 1.0600, currently the pair is consolidating lowest levels.
USD/JPY's recovery has been capped at 93.30 and the pair has come back to previous lows close to 92.80. EUR/USD has rallied from 1.4260 to post daily high at 1.4365. GBP/USD has reached 1.6328 as fresh intra-day high after rising 140 pips from 1.6180.
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