OctaFX | OctaFX Forex Broker
Buka akaun dagangan

US stocks turn positive, USD slumps

FXStreet (Córdoba) - US equities recovered after a negative opening while European markets finished lower. The USD dollar reversed sharply after a downside acceleration in the USD/JPY and was falling in the currency market.

In Europe, the FTSE 100 lost 0.70%while the Dax declined 0.65%. In Wall Street main indexes were rising modestly: Dow Jones +0.15%, Nasdaq +0.30% and S&P 500 +0.15%.

Gold was consolidating strong gains, holding near $1,310/oz up 1,75% for the day so far while crude oil was falling again, moving toward $97.00 a barrel.

The USD/JPY fell from 102.30 to 101.77 in a few minutes, apparently motivated by a error in a selling order (fat finger). The decline triggered a bearish run of the US dollar across the board.

JPY strong on risk aversion- Scotiabank

Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the strength of the JPY.
Baca lagi Previous

First vote to raise rates from BoE? - BAML

Analysts at Bank of America Merrill Lynch noted that the while the Bank of England (BoE) is widely expected to leave interest rates and QE on hold this week, the first individual vote to raise rates could plausibly be posted at the meeting.
Baca lagi Next
Start livechat