FXstreet.com (Barcelona) - Dollar finished the American session, mixed across the board. Losing ground against Euro, Yen and Swiss Franc but still in previous day's range, greenback post important gains against Gbp and end positive against small dollars, the Cad and the Aud, that rather follow declines in oil and other commodity prices. Market wide range jumps were triggered by U.S. Treasury Secretary Timothy Geithner after saying he would be open to expanding the use of Special Drawing Rights, a synthetic unit of account made up of a unified basket of currencies, as China recently proposed as part of an effort to forge a new global reserve currency. In one world, leave the dollar as the dominant reserve currency. This worlds trigger a massive dollar sell off, that lost more of 100 pips in the first minutes, to quickly regain most of the loss ground, after Geithner clarified that dollar is still the world's dominant reserve currency and that the U.S. is committed to ensuring it remains so. Also, early in the European session, U.K. Prime Minister Gordon Brown said that there will be no discussion of SDRs or the creation of a new reserve currency at the upcoming April 2 meeting of the G20 in Britain.

Wall Street managed to close the day with gains Wednesday, after a choppy session. Stock spiked early supported by better than expected Durable goods orders and New home sales in the U.S. Durable Goods Orders print a 3.4% far better than the -2.3% expected or the previous month revision of -7.3%. Core Durable Goods Orders also came out positive at 3.9% against the expected -2.0%, while New Home Sales also came out better than expected at 337K against 332K from previous month, still close to historical lows.