Forex: Dollar losses ground on a low volume session

By IBTimes Staff Reporter | December 28 2009 1:49 PM

FXstreet.com (Córdoba) - Greenback is slightly down on Monday on a flat session with low volume. Stocks in the U.S. moved away from intra-day highs but main indexes reached fresh 15-month highs. Gold is recovering after finding support at $1,101 an ounce. Crude oil soars and tested levels above $79 a barrel reaching the highest price in a month.

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GBP/USD is testing levels above 1.6000 after extending gains during the American session. EUR/USD fell finding support at 1.4380 and currently is approaching again to the 1.4400 zone. Against the Yen, Greenback is unchanged for the day. USD/JPY is hovering around 91.55.

The Swiss Franc is among the best performers of the day. USD/CHF fell to 1.0325 (intra-day low) and currently holds below 1.0350. EUR/CHF remains near 9-month lows as it continues to trade below 1.4900.

Currencies tied to commodities are consolidating gains against the Dollar. USD/CAD fell to 1.0425 posting a 4-week high. The pair has a key support at 1.0400.

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