FXstreet.com (Córdoba) - Dollar rose on Monday against majors and fell to currencies tied to commodities. Greenback rose sharply during the Asian session and despite falling later, managed to hold to gains. Stocks rally in the U.S. and in Europe, weakening the Dollar. Gold also rose but holds below $1000 a/oz.
Yen jumped but pulled back later
Markets fell in Asia but soared in Europe and the U.S. on mergers and acquisitions. Crude-oil also rose after four days and finished above $66 a barrel.
Greenback failed to hold below 1.4600 against the Euro. EUR/USD fell during the Asian session to 1.4563, posting the lowest price in more than a week.
Cable weakness remains intact. GBP/USD fell for the third day in a row. The pair posted a 4-month low at 1.5768. From there Pound recovered and rose to test levels above 1.5900 but failed to hold. Against the Euro and the Swiss Franc, Cable fell to a six month low, but recover later.
USD/JPY ended only a few pips above the opening price, but Greenback fell to an 8-month low earlier. The Yen rose against European currencies, posting multi-month highs.