FXstreet.com (Córdoba) - The Euro is slightly down against the Dollar on Thursday. The pair hovers around 1.5000, 0.05% below today's opening price. The upside found resistance at the 1.5010 zone. Greenback lost previous gains and moved away from the lows of the day. EUR/USD fell to 1.4945 (intra-day low) but then rose back to 1.50. On the downside, support lies at 1.4940 and below at 1.4905/00. So far, it is the first day of the week that EUR/USD did not post fresh highs for the current year.
Andrew Wilkinson, analyst at Interactive Brokers, affirms: The tonic for the U.S. dollar was engineered in a third quarter GDP report from China, which proved 8.9% growth. However, some are blaming a shortfall of a 9% reading as to why the commodity units are slumping today and why the dollar suddenly has a risk aversion attraction today. Yet with Wall Street still around a one-year high and the Vix gauge of investor anxiety at 22 and the price of crude oil just dipping also off a one-year peak at $80 a barrel it seems to us that a dollar retracement from earlier losses is a convenient excuse to state that risk aversion is back on form.