FXstreet.com (Buenos Aires) - Dollar fell across the board Thursday, following previous sessions weak outlook, after existing home sales in the U.S. dropped a 3% and unemployment claims rose to 640K with the total number of people drawing unemployment benefits surging to the highest level on record. Euro was helped by stronger than expected PMI, reaching an intraday high of 1.3162. By the end of the American session the pair remains close to that zone, while Gbp also rose, reaching 1.4740 high. Wall Street staged a late session advance after a quite choppy session, closing 0.9% up, thus DJIA remains down for the week.
Gold is back above the $ 900.-, while Oil is just above $ 50.40 a barrel, putting more pressure in dollar particularly against commodities currencies such as Australian and Canadian dollar.
Only Japanese Yen stayed indifferent both to dollar sell off and stocks movements: the Usd/Jpy is close the American session, just where past Asian opened. Lower volume these past sessions favor an upside rebound in the pair, from the daily ascendant trend line coming form 87.10, with longer term confirmations above the 98.90 high printed past Tuesday.
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