Wall Street finished in the negative side following a slide in European stocks. Crude oil also retreat and fell more than 2.50%. Dollar is consolidating gains but moved away from the highs. The best performer so far is the Yen that is rising across the board.
The Dow Jones lost 0.89% and The Nasdaq lost 1.66% on worries about the economic recovery. The S&P500 ended below 1,100 after falling 1.34%. Crude oil trades below $78 a barrel. Gold did not reach new historic highs but managed to recover from below $1,130 and is back above $1,140.
Dollar is rising across the board expect to the Yen. During the American session Greenback’s rally eased and moved away from the highs. EUR/USD trades above 1.4900 but the pair failed to break above 1.4920. Cable managed to hold above 1.6605. GBP/USD trades at 1.6658/63, 0.50% below today’s opening price. The Yen is consolidating gains across the board. USD/JPY is testing level above 89.00 after falling to 88.60.
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