FXstreet.com (Córdoba) - To Dollar was able to rise on Wednesday rebounding from year lows. Greenback was set to fall further after FED decision but got stronger and rally across the board. Equities at Wall Street suffer a huge reversal in the last hour and tumbled from 11-month highs.
Stocks Lower, Dollar higher
The Dow Jones rally to the downside in the last hour of trade, losing early gains that took the index to the highest level since October. The index fell 0.83% and the Nasdaq dropped 0.70%. Commodities also finished lower, but remained weak during the entire session. Crude-oil plunged almost 4%.
EUR/USD posted on Wednesday a fresh high for 2009, but failed to hold above 1.4800 and weakened. The pair started to rally downside and currently is testing levels below 1.4700.
GPB/USD is also plunging and heading toward 1.6300. The pair rose above 1.6450 earlier in the day. USD/JPY was rejected form below 91.00 and recently the pair broke above 91.50, suggesting that the pair may rise further.