6 Jun 2013
US markets trimming losses, dollar tumbles
FXstreet.com (Barcelona) - Equities in the US markets are recovering ground after a negative start on Thursday, as the sharp drop of the Japanese yen spooked investors. The greenback, measured by the US Dollar Index, is bouncing off multi-week lows around 81.65/70, giving away May gains at the same time. The DowJones is down 0.27%, followed by the Nasdaq, 0.21 and the S&P500, 0.03%.
Bourses across the pond closed with strong losses after the ECB lowered its growth forecasts for the region. The FTSE100 was again the worst performer, losing 1.3% seconded by the DAX, 1.19% and the CAC40, 0.99%. Unforgettable day for the EUR, rallying to multi-week highs above 1.3300 the figure after the ECB left intact its monetary policy, retracing to the current 1.3245/50 region afterwards.
A weaker dollar is echoing in the USD-denominated commodities, with the barrel of WTI up 1.29% at $94.97 and the ounce troy of gold following the same path, 1.21% at $1,415.
Bourses across the pond closed with strong losses after the ECB lowered its growth forecasts for the region. The FTSE100 was again the worst performer, losing 1.3% seconded by the DAX, 1.19% and the CAC40, 0.99%. Unforgettable day for the EUR, rallying to multi-week highs above 1.3300 the figure after the ECB left intact its monetary policy, retracing to the current 1.3245/50 region afterwards.
A weaker dollar is echoing in the USD-denominated commodities, with the barrel of WTI up 1.29% at $94.97 and the ounce troy of gold following the same path, 1.21% at $1,415.