FXstreet.com (Córdoba) - Stocks are slightly down in Wall Street after the opening bell. The Dow Jones is losing 0.10% but holds above 10,000. Despite a minor pull back, Cable is consolidating gains across the board.
Citigroup reported earlier a third quarter loss of 27 cents per share. Goldman Sachs reported a profit of $5.25 per share, bigger than what analyst expected. Investors now focus on Bank of America that will report 3Q earning on Friday.
The Sterling rallied this morning across the board and currently is holding near intra-day highs. GBP/USD jumped from below 1.6000 to 1.6300. The pair failed to break above the mention level but holds above 1.6210. Against the Euro, Cable is rising at the fastest pace in months. EUR/GBP tumbled from 0.9355 to 0.9140. Currently it trades at 0.9180, 1.60% below today's opening price.
Greenback is regaining the downside after the opening bell. EUR/USD is back above 1.4900 and rising further. USD/JPY is pulling back from 90.77 (intra-day high) and is testing levels below 90.40. USD/CHF failed to break above 1.0200 and started to fell again.
The Wells Fargo Research Team comments: Despite the greenback's bounce today, we suspect the dollar negative sentiment remains well entrenched and selling the dollar remains t he path of least resistance for the FX markets in the near term.