FXstreet.com (Córdoba) - The Dollar ended with small gains across the board on Wednesday helped by a retreat in stocks during the American session. Gold rose to new record highs. The Yen fell across the board for the second day in a row. Cable rose moderately against the Dollar and reached fresh one-week highs to the Euro. The European Central Bank will decide on monetary policy on Thursday.
EUR/USD failed to hold above 1.5100 and fell finding support at 1.5030. Despite Wednesday's correction the main trend still favors the Euro. Cable rose against the Dollar but finished the day far from the highs. GBP/USD failed to break above 1.6700 and weakened pulling back to 1.6625. The Pound rose for the second day in a row against the Yen and the Euro. EUR/GBP trades at the lowest level in a week.
The Japanese currency fell across the board for the second day in a row. USD/JPY posted the biggest daily gain in a month but it was not enough to break above Tuesday's high. The pair holds below 87.50.
Currencies tied to commodities fell against the Dollar. USD/CAD rose on lower crude oil prices and recovered part of Tuesday's losses. AUD/USD ended practically unchanged. The Aussie weakened after being unable to break above 0.9300.