FXstreet.com (CÃ³rdoba) - U.S. markets finished slightly lower in the day that Ben Bernanke said that he sees the economy bottoming and turning up by the end of the year. Dow Jones fell 0.19% and Nasdaq 0.54% ending a two day streak of rises. The dollar rose across the board during the American Session, especially against euro and Swiss Franc.
Dollar up against majors
EUR/USD tested yesterdays high at 1.3433 but couldn't brake the resistance area and fell more than a hundred pips to a low of 1.3280. The pair then recovered and is now back above 1.3300 again. For the day is losing 0.79%.
Against the Swiss Franc the dollar also gain during the American Session. After failing to go down below 1.1240 USD/CHF rallied up to a high of 1.1360 where lost strength and made a pull back to 1.1315. After the closing bell in Wall Street the pair started to rise again but unable to reach new highs. Current price is 1.1336.
USD/JPY moved all day long in sideways without making major moves. The pair is now at 98.92 which is the same opening price of today. To the downside support could be found at 98.60 and to the upside resistance at 99.20
The Cable also moved in sideways against the dollar but fell for the session losing early gains that made GBP/USD reached a 4-month high at 1.5168. The pair couldn't hold those levels and fell to a session low at 1.5030. Since then the pair moved in sideway and now is being traded at 1.5057 up 0.16% for the day.
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