Dollar sinks; EUR/USD at 1.4440

By IBTimes Staff Reporter | January 08 2010 1:23 PM

FXstreet.com (Buenos Aires) - Dollar is falling strongly across the board, reaching a fresh intraday high of 1.4440 agaisnt the Euro at the moment of writing; today U.S. disappointing unemployment data is weighting on the pair, and despite a retest of the 1.4300 area, pair rebounded strongly to the upside, as gold and oil gain upside momentum.

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Quoting at the 1.4425 level, pair has first resistance at today's high of 1.4440, ahead of this week high of 1.4482; supports from current level come at 1.4400 and 1.4365 area.

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