FXstreet.com (Córdoba) - Wall Street is increasing its losses on Monday favoring the Dollar. The Dow Jones is falling 1.15% to 9,856. EUR/USD is testing levels under 1.4850. GBP/USD has fallen below 1.6300. USD/CHF approaches to the 1.0200 zone. Dollar is pulling back sharply from 14-month low.
A fall in financial and material stocks is sending main stock indexes lower in Wall Street. Markets in Europe ended in negative falling 1.25% on average. Commodities are also lower. Crude oil trades below $79 a barrel and gold has fallen below $1,045 an ounce.
Dollar is rising across the board. EUR/USD trades at a one-week high and is testing levels below 1.4850. Cable is moving away from intra-day high at 1.6390 and has fallen below the support at 1.6300. USD/CHF is approaching to the 1.0200 zone after rebounding at 1.0600. Against currencies tied to commodities Greenback is also rising sharply.