Dollar gains as risk appetite dilute

By IBTimes Staff Reporter | January 05 2010 6:20 PM

FXstreet.com (Buenos Aires) - After Wall Street close, finally dollar ended the day higher against major rivals except JPY and CAD, as a number of negative news diluted risk appetite during European and American session. Early news, that included very disappointing pending homes sales in the U.S. and also disappointing construction PMI in the U.K, had an interesting negative effect on sentiment toward riskier currencies, sending investors to safe havens dollar and yen. Cad also close the day positive, as Crude futures ended the day up at $ 81.70 per barrel, very close to past year high.

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EUR/USD starts Asian session quoting around 1.4365, while Pound extends it falls and remains under 1.6000 level, quoting at this moment around 1.5980. Regional stocks market had no much cues from Wall Street after DJIA ended down 0.1% while S&P +0.3%. Market players likely to wait for Nikkei 225 opening, and index reaction to Prime Minister Fujii resignation.

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