Dollar decline continues

By IBTimes Staff Reporter | May 04 2009 1:07 PM

FXstreet.com (Buenos Aires) - American session is over, with Wall Street up 214 points, or 2.6%, after Pending Home Sales in the U.S. jumped 3.2% from February, against the market expectations of 0.1%. Continued gains in stocks and commodities prices, (gold is $ 903.30 an ounce, while oil end the day above $ 54.00 a barrel) kept global risk appetite high past Monday, resulting in more losses for greenback against all major rivals including Japanese Yen, although considering the low liquidity amid Japan and U.K. bank holidays, movement could well be over extended. Japan holiday will extend today and tomorrow in the so called Golden week.

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