FXstreet.com (Barcelona) - Despite the lows achieved early in the American session against dollar, both currencies managed to end the day far from those values, and even with gains in the case of Gbp. Risk aversion returns ahead of Thursday's Group of 20 summit and European Central Bank meeting, with traders waiting to see the results. By the end of American session, Trichet addressed to the European Parliament, saying the euro zone economy continues weakening since January and that the economic outlook remains uncertain.
Stocks in the U.S. slumped for a second straight session, as worries about the auto and bank industries gave investors a reason to retreat after the recent rally. Far from 8000 points resistance, the DJIA is approaching to the 7400 support level. Break under could but even more pressure on stocks. Asia and Europe also close in the red side past Monday.