FXstreet.com (Barcelona) - Despite the surge in American stocks, with Dow Jones up a 5.8% the highest daily winnings in a day, dollar managed to close American session quite positive, still inside past weeks ranges against most rivals. Again, Gbp has been the mayor loser of the day, reaching as low as 1.3690 before a short term bounce. Euro surged reaching 1.2822 before reversing to close the day just above the 1.2660 support.
The rebound in sentiment was triggered by good news from Citigroup, as the bank is currently enjoying its best quarter since the third quarter of 2007. However risk appetite remains fragile as despite stocks held onto gains, majors had bounced considerably from mid day highs. Dollar seems to be finally finding a roof, but not already a done deal. This intraday weakness such as seen on Tuesday is being taken by many currency players as opportunities to buy dollars on dips at more attractive levels.