FXstreet.com (Barcelona) - European markets are going through mild gains one hour after the opening bell weighed by losses at Air France and Siemens. The Dollar seems to be picking up against Euro and Pound after having lost ground during Asian session.
Eurostoxx 50 edges up 0.6% while German DAX Index adds 0.11 and the French CAC Index gains 0.14%. On the macroeconomic front, UK GDP has been revised slightly down to a 2.0% year on year decline in the 4th quarter of 2008; the largest decline since 1980.
Dollar strengthens across the board
GBP/USD decline from 1.4495 high reached during Asian session has extended below 1.4390 Mar 20 low and at the moment of writing reaches 1.4335 Mar 18 high.
EUR/USD has dropped from 1.3585 reached right at the opening of the European session to 100 pips below testing 1.3495 support level.
USD/JPY has picked up from 97.70 support line to reach levels right above 98.20 at the moment of writing.