FXstreet.com (Córdoba) - The Dow Jones lost 0.92% and finished lower for the first time after gaining in the last six sessions. The Nasdaq dropped 0.82% and the S&P500 lost 1.03%. Crude oil fell 3% and trades below $77 a barrel. Dollar is consolidating gains across the board.
The ecPulse.com analysis team affirms: Stocks in the united states fell in today's trading session affected by energy producer as they slumped following EIA report which showed bigger than expected rise in the inventories thus erasing earlier gains acquired in the session triggered by the acquisition news that emerged from Hewlett Packard taking over 3com Corp.
Dollar consolidates gains to EUR and JPY
EUR/USD holds below 1.4850 after tumbling to 1.4819, posting an intra-week low. GBP/USD is testing a resistance zone at 1.6590; Cable managed to recover against the Dollar and currently trades at the same level it had at the beginning of the day. USD/JPY peaked at 90.60, posting a fresh one-week high. The pair then pulled back but found support at 90.30. Greenback is also higher against currencies tied to commodities.