FXstreet.com (Buenos Aires) - With no major market mover but stocks, dollar remained mostly weaker against euro, yen and other majors, as global risk appetites remained stable. The exception was the Gbp: pound fell sharply after U.K. Chancellor of the Exchequer Alistair Darling statement post annual budget release, downgrading economy projections. Gbp fell to the 1.4395 level, before correcting a bit to the upside.
Wall Street end a choppy session with losses, falling 1% on the day, despite an early attempt to break the 8000 level. From a technical perspective, DJIA completed a pullback to the ascendant daily trend line broken past Monday, now around 8060. Good recovery could be set above the 8186, a 9 week-high achieved past week.
Japanese Yen continues appreciating against majors rivals, as the currency remains mounted on its safe haven condition. No fundamental news is expected during Asian session, so again stocks will be the primary driver of currency market.
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