FXstreet.com (Buenos Aires) - U.S. stocks erased pre opening loses, triggering a dollar mayor selloff across the board: EUR/USD reached 1.4228 before retreating to 1.4200. Under that level, now 1.4150 becomes strong support and should keep the downside limited. USD/CHF hit a session low of 1.0643.
Rising oil prices amid a U.S. drawdown of 8.3 million barrels of crude, send barrel above $ 73.00, pressuring dollar even further. DJIA opened almost 100 points down, now only 18, while S&P remains 0.27% down.