The U.S Dollar soared against major currencies this morning, as the Fed's pledge to keep the benchmark interest rate unchanged through mid 2013 seemed to have failed to restore global confidence long enough to curb the deteriorated markets, after growing concerns the U.S economic recovery is worsening in addition speculations continued that Europe's sovereign-debt crisis will spread over the continent.

The U.S. Dollar index, which measures the performance of the U.S. dollar against a basket of currencies including the Euro, the Pound, and the Yen, rose on daily basis to trade at 74.64, compared with the opening level at 74.02, while recording a high of 74.70 and a low of 73.82.

Gold surged after scoring a record high at $1979.79 to currently trade at $1886.12 since opening at $1763.13 an ounce, while crude oil prices slid to trade at $80.93, compared with the opening level at $81.45 a barrel.

The Euro slipped against the Dollar, where the EUR-USD pair is trading at $1.4187, while recording a high of $1.4401 and a low of $1.4163. The pair is now trading among the major support at 1.4122 and the major resistance at 1.4281.

The British Pound fell today against the U.S. Dollar, where the GBP-USD pair is now trading at $1.6163, while the pair recorded a high of $1.6314 and a low of $1.6150. The pair is now trading among key support at 1.6125 and key resistance at 1.6250.

Furthermore, the U.S. Dollar dropped against the Japanese Yen, where the USD-JPY pair is now trading at ¥76.45, while recording a high of ¥77.14 and a low of ¥76.34. The pair is now trading between the support at ¥77.90 and the resistance at ¥80.50.