FXstreet.com (Córdoba) - Wall Street fell sharply on the first day of the last quarter. The Dow Jones tumbled more than 200 point and lost 2.10%. The Nasdaq plunged more than 3%. Greenback is consolidating gains across the board.
U.S. markets fell sharply at the beginning of the fourth quarter. A disappointing report on manufacturing, showing the first decline in eight months, was among the reasons for the downside rally in stocks. The Dow Jones suffer it biggest daily drop since July.
Dollar is moving in ranges, near intra-day high against European currencies. EUR/USD holds below 1.4550 and the pair recently tested intra-day low at 1.4515. GBP/USD trades around 1.5950, moving with a downside bias. If the pair falls below 1.5920 (intra-day low), Greenback could rise even further. Against the Yen, Dollar was able to recover from 89.40 but found resistance at the 89.80 zone.