FXstreet.com (Barcelona) - Australian, New Zealand and Canadian Dollars are trading lower against the Greenback today's American session on the back of gold falling close to 1,000 and the oil barrel declining below 70.00. Wall Street is dropping on the back of Bernanke's comments.
Oil barrel is trading around 69.50 / USD today session after falling 1.55% from opening. Gold has fallen t0.85% so far today to trade close to 1,000/oz. Wall Street is declining, Dow Jones index is falling 1.40% to trade below 9,600 pts, S&P 500 declines 1.65% and the Nasdaq index is collapsing 2.20% on the day.
Ben Bernanke, the Chairman of the Federal Reserve has commented the necessity of Fed should be put in charge of regulating the nation's biggest financial institutions. Jobless and manufacturing worst than expected data has fueled concern on economic recovery.
NZD/USD has fallen 90 pips during the American session from intra-day high at 0.7240 to break MA55 hourly chart at 0.7195 and MA200 at 0.7180 to post intra-day low at 0.7150. Currently the pair is trading around 0.7180.
AUD/USD has extended its decline from 0.8860, 13 month low, and has fallen more than 140 pips to break MA55 horly at 0.8780 and post 0.8720 as fresh intra-day low.
USD/CAD has risen from 1.0680 to break MA55 hourly chart at 1.0670 and post 1.0790 as fresh intra-day high in a 120 pips bullish movement.