FXstreet.com (Córdoba) - Greenback fell for the first time in the current week across the board. Dollar moved between gains and losses but in the second half of the American session weakened on rising stocks. The Yen rose across the board and posted moderate gains.
EUR/USD fell to a fresh one-month low but then recovered and rose back above 1.4700. Cable managed to rise after falling to a 2-month low during the European session against the Dollar. GBP/USD ended the day near the 1.6300 level. On thursday the Bank of England will decide on monetary policy.
The Yen posted moderate gains across the board. USD/JPY fell for the third day in a row. The pair moved away from the lows and currently is testing levels on top of 88.00.
Currencies tied to commodities rose for the first time after four days. The decision of the RBNZ to keep rates unchanged and the announcement about the possibility to start rising rates in 2010 boosted NZD that rose back above 0.7200.
The Canadian Dollar rose sharply against Greenback despite the fall in crude oil. USD/CAD fell to 1.0515 and rose to finish the day around 1.5050, 80 pips below the opening price. Crude oil tumbled to $70 and trades at the lowest level in two months.
Treasuries in the U.S. drop after a sale of 10-years bond received a weak demand. The yield rose for the first time of the week following the auction.