FXstreet.com (Córdoba) - Helped by a pullback in markets in Europe and America, Greenback rose across the board on Tuesday but finished far from the highs of the day. During the Asian session the Dollar fell to fresh 14-month low but then recovered. Still remains under pressure.
In the U.S. better than expected results from Apple, Casterpillar, Yahoo and ScanDisk where offset by a weak report on housing starts and building permits. The Dow Jones fell 0.50% and the Nadaq lost 0.59%, both indexes ended far from the low of the day. Stocks in Europe slide at a moderate pace with main indexes down 0.60% on average. The exception was Asia, where equities posted gains.
The rise of the Dollar affected oil prices that after rising to a fresh 2009 high above $80 a barrel fell below $79. Gold ended near $1055 an once but during the day rose to $1065.
The Dollar gained across the board after rebounding at fresh lows in more than a year. EUR/USD failed to break above 1.5000 but holds near the mention zone. Euro regained strength after Greenback failed to hold below 1.4900. GBP/USD fell for the first time after five days. Cable plunged during the American session from a 4-week high at 1.6489 to 1.6325. On Wednesday the Bank of England will publish the minutes of the Monetary Policy Committee. The Yen ended mostly unchanged across the board.
Currencies tied to commodities also pulled back on Tuesday but still have momentum. The Canadian Dollar fell sharply after the Bank of Canada decided to keep it interest rate at 0.25%.