FXstreet.com (Córdoba) - The Euro is extending its gains against the Dollar. EUR/USD started to rise after the opening bell at Wall Street and recently peaked at 1.4679, posting a fresh intra-day high. Currently it trades at 1.4659/63, 0.47% above today's opening price. Greenback lost previous gains and now is falling for the second day in a row.
According to James Hyerczyk of ForexHound.com: The U.S. Dollar is trading weaker today. The Dollar opened mixed mainly because of a statement from the G-7 warning of disorderly movement and excessive volatility. Traders had been expecting a statement supporting a stronger Dollar. The December Euro is showing a gain because of increased demand for higher yielding assets
Gold jumped 1.25% and currently it trades at $1,018 a/oz, getting closer to $1,023; which is the highest price of the year so far.