FXstreet.com (Córdoba) - Once again markets rose in the U.S. reaching new 2009 highs. The Dow Jones Industrial Average rose 1.12% and ended a few points below 9800. Nasdaq jumped 1.30% to 2133. Gold and oil also soar rising 1.40% and 2.20% respectively. During the last nine days markets have risen in eight. The Dollar weakness continues and fell again, reaching the lowest levels in almost a year against the Euro and the Swiss Franc.
Downside rally goes on for the Dollar
EUR/USD is consolidating above 1.4700. The pair rose earlier to 1.4735 posting a fresh 2009 high. The pair ended the day above 1.4700 for the first time in almost a year. GBP/USD moved sideways most of the day. The pair is being traded at 1.6480 near the opening price.
Against the Yen, the Dollar recovered after falling to a fresh 7-month low. USD/JPY failed to hold above 91.00. Greenback remains under pressure, in case the pair fells below 90.00, Yen could gain momentum.