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FXstreet.com (Córdoba) - Dollar fell across the board on Thursday pressure by rising stocks. Markets rose worldwide posting moderate gains. Gold hit another record high and holds above $1055 a/oz. Crude oil soared more than 3%. Currencies tied to commodities reached fresh year highs against Greenback.
As expected the ECB and the BOE left its interest rate unchanged and showed no signs of a tightening in monetary policy.
Korman Tam, from Forexnews.com comments on Thursday session: "The economic data released earlier in the session saw weekly jobless claims improve to 521k from 551k a week prior and the August wholesale inventories slip by 1.3% from a 1.4% decline in the previous month. Speaking earlier today was Richmond Fed President Lacker reiterated that the economic outlook remains unchanged from the previous FOMC meeting, adding that the risk of sliding into a recession again in 2010 has diminished substantially. He also quelled speculation of impending rate hikes advising that the Fed should not tighten policy today."
Dollar falls across the board
Greenback weakness remains intact as it fell to a 2-week low against the Euro and to a fresh year low against AUD, NZD and CAD. Currencies tied to commodities where helped by an increase in gold and energy prices. GBP/USD ended above 1.6000 for the first time since late September but Cable failed to hold gains to the Swiss Franc and the Euro.
The Yen moved in ranges against the Dollar but ended the day higher for the third consecutive day. Against European currencies, it slid moving away from the September highs (lows in charts).
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