FXstreet.com (Córdoba) - Markets finished lower worldwide on Thursday, except for Tokyo. Wall Street was in the positive side but after a report on home sales showed a surprise decline, stocks started to fell. Crude oil also plunged for second day in a row and posted one-month low. Gold lost ground and finished below $1000 an ounce. Dollar rose sharply during the American session erasing previous losses and ended the day near intra-day low. Cable on the other side was among the worst currencies, tumbling across the board.
Stocks down; Dollar up
European markets where up most of the session but at late downside rally send main indexes into the negative side ending with a loss of more than 1% on average. Wall Street also started with gains, boosted by a better than expected report on jobless claim. But history change with the release of the home sales data; investor where expecting a 2.1% increase but the number showed a decline of 2.7%. Equities rally to the downside, together with crude oil that ended at $66, 4.50% below yesterday price.
As usual, the Dollar beneficiated from the decline in the stock market and rose across the board. EUR/USD tumbled from 1.4800 to 1.4630. The pair recovered later but found resistance at 1.4665.
Cable fell constantly during Thursday against the Dollar. GBP/USD bottomed at 1.6020 and rebounded to 1.6070. Pound also plunged against the Swiss Franc and the Euro, posting multi-month lows.
The Yen rallied against main currencies expect for the Dollar. USD/JPY managed to recover most of previous losses. The pair rose back above 91.00 but the Dollar failed to break above 91.55.