FXstreet.com (Córdoba) - Greenback rose across the board on Tuesday but is still facing downside pressure on a wider view. Stocks rose moderately in the U.S. but fell in Asia and Europe. Gold did not reach new historic highs but trades at $1,140. Crude oil continue it recovery and rose for the second session in a row. Treasuries finished at the highest level in months.
EUR/USD fell below 1.4900 to 1.4808 but Greenback was rejected form the lows and the Euro rose back above 1.4850. Cable posted moderate losses against the Dollar but rose sharply against European currencies. The Pound is showing strength across the board. The Swiss Franc on the other side fell across the board. USD/CHF rose to 1.0210 reaching a 2-week high but failed to hold above 1.0200.
The Yen finished mix and fell against the Dollar but remains below 90.00. Currencies tied to commodities lost ground but managed to end the day far from the lows.
Another day with a sharp increase in Treasuries and now yields are at the lowest level in months showing that safe assets are still on demand.