FXstreet.com (Córdoba) - Stocks rose in Asia and fell in Europe, at Wall Street the Dow Jones fell 0.06% and the Nasdaq rose 0.32% in a quiet session. Alcoa set the beginning the third-quarter earnings season, posting unexpected gains. Gold hit a new record high and holds above $1040 a/oz. Crude oil fell below $70 a barrel. The Dollar finished mix across the board. Commodities tied to currencies pulled back but remains near multi-month highs.
James Hyerczyk of ForexHound.com, comments on Wednesday session: The U.S. Dollar tried to mount a rally throughout the day, but failed at the close and ended up mixed for the day against most major currencies.
On Thursday the European Central Bank and the Bank of England will announced their decision on monetary policy. Markets are not expecting a change in rates, focus on the statement.
Greenback rose against the Euro after three days with losses. EUR/USD ended below 1.4700 but far from intra-day low. The Euro rose sharply against the Swiss Franc but fell to the Yen. EUR/CHF ended above 1.5170 suggesting that the pair could rise further in the next sessions. EUR/JPY tested the September lows below 130.00 but it was rejected. The pair recovered later but during the American session Yen regain momentum and sent the pair lower. Current price at 130.25 is near key support zone between 130.00 - 129.50.
The Sterling was among the best performers of the day and rose across the boar. GBP/USD failed to hold above 1.6000 but managed to recover from below 1.5870. Against the Swiss Franc and the Euro, Cable finished with important gains.
The Yen also rose across the board. USD/JPY fell to 88.00 posting a fresh 8-month low. The Dollar gain momentum later and jumped to 89.40 but failed to hold. The pair had the lowest daily close since December of last year.
AUD, NZD and CAD rose to fresh multi-month highs against the Dollar but pulled back later.