Forex | Forex | Wall Street ends in negative; Dollar joined U.S. markets and fell during the American session (31/08/2009 22:11:00)

Wall Street ends in negative; Dollar joined U.S. markets and fell during the American session

FXstreet.com (Córdoba) – Markets in the US finished Monday with losses. The Dow Jones industrial Average lost 0.50% and the Nasdaq 0.95%. Both indexes ended far form intra-day lows. Crude-oil tumbled falling more than 3.50% and finished below $70 a barrel. Dollar fell across the board during the American session, after a sharp downside rally right after the opening bell. Afterwards Greenback recovered only a part of the losses.

EUR/USD jumped above 1.4300 to 1.4366 (August 31 high). From there the Dollar started to recovery finding support at 1.4315. Currently the pair is back above 1.4330 moving sideways.

GBP/USD also rocketed after the opening bell at Wall Street. The pair rose from 1.6235 to 1.6330 but failed to hold above 1.6330. The pair ended with a few pips above opening price after a volatile day.

Against the Yen, the Dollar ended the day in negative but far from intra-day low at 92.54 (7-week low) but also far from the level it had before the opening bell at Wall Street (93.30).



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