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Wall Street finished with gains on a volatile session; Dollar and Yen moved away from the lows

02 Nov, 2009 @ 04:37 pm ET | written by FXStreet


FXstreet.com (Córdoba) - The Dow Jones rose 0.78% and ended at 9,789 after recovering from 9,680. Equities in the U.S. started with gains boosted by a better-than-expected increase in the U.S. manufacturer ISM. But later, financial stocks sent main stocks indexes down. In the last hours stocks regained the upside and finished with gains. Crude oil also rose and gold ended above $1,054 an ounce.

EUR/USD peaked at 1.4845 but failed to hold and during the American session and pulled back to 1.4725. Currently the pair is testing a resistance zone at 1.4765/70 and trades 0.37% above today's opening price. GBP/USD fell below 1.6400 to 1.6350 and now is hovering near 1.6400 and trades only a few pips below the price it had at the beginning of the day.

The Yen managed to pullback from the lows of the day across the board during the American session. USD/JPY rose to 90.69 (intra-day high) but then pulled down to 90.20. Against European currencies, the Yen also managed to move away from the highs and is posting mix results for the day.

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