FXstreet.com (Córdoba) - EUR/USD is testing levels below 1.4700 against the Dollar. The Euro is extending its decline form 1.4760 (intra-day high). To the downside the next support is located at 1.4665/75 (intra-day low / Dec 9 low) and below at 1.4625 (Nov 3 low). Currently the pair trades at 1.4694/98, 0.19% below today's opening price.
A few minutes ago crude oil fell below $70 for the first time in tow months. The barrel is falling for the eight day in a row.
Andrew Wilkinson, analyst at Interactive Brokers, affirms: The strength in the dollar during the past week has been responsible for driving back down the value of many alternative asset prices. Gold has slipped 8.3% from its recent peak just one week ago as the dollar vies for control. It would, however, be a mistake to confuse falling commodity prices with signs of economic slowdown.