30 Aug 2013
US stocks losing the grip on Syria, dollar outperforms
FXstreet.com (Edinburgh) -Shares in the US markets are now intensifying the intraday decline after US Secretary of State John Kerry left the door open for a US unilateral military intervention against Syria. DowJones is now down 0.34% followed by the S&P500 and the Nasdaq, losing 0.32% and 0.73%, respectively. The US Dollar index, which tracks the greenback vs. its major competitors, is extending its march higher above the 82.00 handle.
Markets in Euroland retreated sharply on renewed Syrian jitters and overall poor data from the US docket. The IBEX35 was the worst performer, down 1.68% and followed by the CAC40, 1.32% and the DAX, 1.12%. The single currency accelerated its weekly decline, hitting fresh 5-week lows near 1.3170 although picking up pace afterwards to the current 1.3210/15 area.
Regarding commodities, the barrel of WTI is retreating 0.80% at $107.97 while the ounce troy of gold is losing 1.02% at $1,398.
Markets in Euroland retreated sharply on renewed Syrian jitters and overall poor data from the US docket. The IBEX35 was the worst performer, down 1.68% and followed by the CAC40, 1.32% and the DAX, 1.12%. The single currency accelerated its weekly decline, hitting fresh 5-week lows near 1.3170 although picking up pace afterwards to the current 1.3210/15 area.
Regarding commodities, the barrel of WTI is retreating 0.80% at $107.97 while the ounce troy of gold is losing 1.02% at $1,398.