Forex | Forex | Wall Street rises after four days; Dollar mixed (03/09/2009 22:20:00)

Wall Street rises after four days; Dollar mixed

FXstreet.com (Córdoba) – Markets in the U.S. ended in positive for the first time after four sessions. The Dow Jones Industrial Average rose 0.70% and the Nasdaq 0.82% on the day before the jobs report. Gold jumped for second day in a row and finished at a 6-month high, near $1000 an ounce. The Dollar finished mix across the board. Yen falls for the first time in the week.

EUR/USD ended the day near the same opening prices. The Euro failed to hold gains and weakened during the American session. The pair is moving in a range with support at 1.4235 and resistance at 1.4250.

GBP/USD rose for second day in a row but the pair ended far from intra-day high (1.6411). The recovery of the Dollar stopped at 1.6300. Cable rebounded and rose above 1.6330.

Greenback finally posted gains against the Yen after three days with losses. USD/JPY rose to 92.75, intra-day high, but then it failed to hold to gains and fell to 92.50, near the same levels the pair had before the opening bell at Wall Street.

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