FXstreet.com (Barcelona) - U.S. markets are going through minor gains on early trade Monday lead by communications and utility shares and offset by concerns about the end of low interest rates; The Dollar trades higher against Euro and Pound.
Dow Jones Industrials Index trades practically at opening levels, wile the Nasdaq Index advances 0.30%, and the S&P Index trades 0.3% above the opening levels in the first hour of trading.
Gold prices are tumbling on a sharp reversal from all-time highs with crude oil futures weakening , while thew Dollar is soaring across the board after U.S.non-Farm Payrolls posted in November their shortest decline in about two years, which has arisen concerns about a period of tighter monetary policy by the Federal Reserve.
Dollar soars against Euro and Pound
EUR/USD retreat from 1.5100 area on Friday has extended on Monday¡s European session, with the pair breaking below 1.4820 support level, and the Euro is consolidating at the moment at levels between 1.4780 and 1.4820.
GBP/USD extended Friday's decline from 1.6675 on early European trade, breaking below Friday's low at 1.6420, to reach a new low at 1.6315 to consolidate t the moment at levels between 1.6330 and 1.6390.
USD/JPY remains quite steady, right below one month high at 90.70, with the pair moving in a range between 89.70 and 90.15.