FXstreet.com (Córdoba) - Markets posted important gains in Europe and America and finished mix in Asia. Better than expected corporate results fueled risk appetite. Greenback fell to the lowest level in more than a year across the board. Crude oil soared on a weaker Dollar and ended near $80 a barrel.
The Dow Jones rose 0.96% and the Nasdaq 0.91%, markets in Europe jumped more than 1.50%. The increase in risk appetite sent the Dollar Index to the lowest level since early August of 2008. The Euro rose to fresh 2009 highs and close at the highest level since August 8 of last year.
The Forex.com Research Desk affirms: EUR/USD printed a new high for the year shortly after earnings for a couple of US tech companies decidedly beat on both the top and bottom line. The market still looks to be gunning for the pivotal 1.5000 mark and we are told that option barriers lurk there and into 1.5050 next. This should make for an exciting overnight session.
GBP/USD rose for the fifth consecutive day and ended above 1.6400 for the first time in a month. USD/JPY ended lower but Dollar fell at a moderate pace.
The GCI Financial Team comments: The yen appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the ¥90.35 level and was capped around the ¥91.10 level. Bank of Japan released its quarterly regional report overnight and noted Signs of picking up had appeared throughout the economy, although regional differences remained.
Currencies link to commodities rose to fresh 15-month high. AUD/USD is testing the 0.9300 zone while NZD/USD trades above 0.7550.