The U.S rose earlier this morning after factory orders index came better than forecasts in July and the Chicago PMI climbed above estimates in August while not to forget the growth of Canadian economy reversed May's contraction, boosted the performance of the dollar against majors.
However the Dollar faield to sustain its rally and reversed earlier gains as investors we're heavily seeking safe havens after the ADP employment report showed private employers added fewer jobs than forecasted in August, where investors grew more convinced the Fed could actually activate a third round of quantitative easing to support economy, spurring risk-aversion within markets as all eyes are focused on the infamous jobs report due on Friday.
The U.S. Dollar index, which measures the performance of the U.S. dollar against a basket of currencies including the Euro, the Pound, and the Yen, consolidated to trade at 73.98, compared with the opening level at 73.97, while recording a high of 74.07 and a low of 73.83.
Gold picked up slightly to trade at $1832.10, compared with the opening level at $1829.36 an ounce, while crude oil prices surged as well to trade at $88.91, compared with the opening level at $88.62 a barrel.
The Euro fell against the Dollar, where the EUR-USD pair is trading at $1.4409, while recording a high of $1.4468 and a low of $1.4395. The Pair is trading within the key support level of $1.4365 and key resistance level of $1.4455
The British Pound eased down today against the U.S. Dollar, where the GBP-USD pair traded at $1.6275, while the pair recorded a high of $1.6334 and a low of $1.6251. The pair is trading within the key support level of $1.6250 and the key resistance level of $1.6310.
At last, the U.S. Dollar dropped against the Japanese Yen, where the USD-JPY pair traded at ¥75.50, while recording a high of ¥76.84 and a low of ¥76.42. The pair is trading between the support at ¥76.40 and the resistance at ¥76.85.