FXstreet.com (Barcelona) - U.S markets have opened the week with declines following the track of European and Asian Markets, and following a deep decline on raw materials . Dollar appreciation seen in previous sessions seems to have eased.
Dow Jones Industrials Index declines 0.8%, while the Nasdaq Index drops 0.5% and the S&P Index trades 0.9% below its opening level.
On the macroeconomic domain, U.S. Conference Board's Leading Index has increased 0.6% in August, following a 0.9% revised increase in July, to post its sixth consecutive advance, adding signals of recovery in the world's largest economy.
Dollar recovery lost steam
EUR/USD decline from 1.4767 high on September 17 has reached levels below 1.4700 on Monday, with the Euro dippong to test 1.4610 support, to bounce afterwards to levels around 1.4660. At the moment of writing, the Euro trades at 1.4650.
USD/JPY has rallied from 91.30 low during Asian session, to reach levels past 92.25 resistance, and peak at 92.53 session high before turning down right ahead of Wall Street opening and ease to levels around 92.20 at the moment of writing.
GBP/USD remains trading in a range from 1.6135 t0 1.6200, after decline from 1.6260 Asian session high found support at 1.6135 ahead of the European opening. On a longer point of view, we observe the Pound testing the upward trending support line from Jul 8 low, on decline from September 11 high at 1.6740.