FXstreet.com (Barcelona) - U.S. Dollar Trading (USD) weakened as stocks around the world remained very buoyant and US stocks tried to rally for a 5th day. Default concerns from Amex kept this event from eventuating but still most of the majors held on to gains.
The Euro (EUR) tested the critical 1.3000 level but was unable to close above as stocks retreated at the close of New York.
Commodities continue to underpin Euros rise and concern about Americas Quantitative Easing plans have hurt the dollars demand, said Easy Forex Team. Overall the EUR/USD traded with a low of 1.2869 and a high of 1.3070 before closing the day at 1.2980.