FXstreet.com (Buenos Aires) - With gold quoting at $ 1017/oz. and U.S. futures barely 10 points away from their yearly highs, dollar weakness persist across the board, despite minor corrective movements seen in the last hour.
EUR/USD keeps hovering around 1.4800 level, after correcting to 1.4775, immediate support for the pair, with 1.4860 area past September 2008 highs, as main objective for this upward movement. Weekly close above that level will be key, as will confirm a midterm upside continuation to the 1.5250 zone.
GBP/USD remains under pressure, lead to the upside by market sentiment and not own strength, and corrected to
1.6320 after reaching the 50% retracement of the last Fibonacci rally 1.6567/1.6132. Pair likely to remain contained ahead of BOE's Minutes to be release next Wednesday.