FXstreet.com (Buenos Aires) - I am fundamentally optimistic about our economy, said Ben Bernanke, Fed's Chairman in Atlanta past Tuesday, saying there are some signs that the sharp U.S decline is finally slowing. But Bernanke speak could not erase the weaker than expected Retail Sales report, that plunged 1.1% in March from a month before and triggered a selloff in stocks; Wall Street lost 137 points or 1.7%, closing the day at 7.920 points.
Euro fell in a very volatile day, ending the American session around 1.3250, after reaching an intraday low of 1.3225. Both economies uncertain outlook keep the pair under pressure. But the Pound together with Japanese Yen, strengthen almost to a two-week high against dollar; Gpb reaches as high as 1.4943 before giving up some ground yet above daily open, supported by some optimism about the housing sector outlook. Japanese Yen reaches 98.74 and continues under selling pressure, as risk aversion send investors quickly to the safe haven currency.
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