FXstreet.com (Barcelona) - U.S. markets are going through moderate losses, despite better than expected manufacturing and consumer sentiment data. The Dollar remains little moved against most majors.
Dow Jones Industrials Index trades 0.40% below the opening level while Nasdaq Index loses 0.53% and the S&P Index drops 0.38%.
On the macroeconomic front there have been positive surprises on the Reuters/Michigan Consumer Sentiment Index, up to 65.1 in April from 57.3 in March, well above the preliminary reading of 61.9. The ISM manufacturing Index has increased to 40.1 in April from 36.3 in March, market consensus was 38.3.
On the negative side, factory orders have dropped 0.9% in March instead of the 0.5% decline expected, while orders for February have been revised to a 0.7% increase, from previously estimated 1.8% rise.
Dollar, moving in narrow range
EUR/USD has eased after having reached an intra-day high at 1.3325 dropping to levels below 1.3300 . At the moment, the Euro moves around 1.3250.
The Pound has reached 1.4935 intra-day high on its rally from 1.4760, and the Pound has eased afterwards to levels right below 1.4900.
Dollar rally from 95.60 low on April 20 seems to have stalled at 99.60 resistance level, and the pair has eased to levels right above 99.00.
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