FXstreet.com (Córdoba) - The Nasdaq lost 0.22% and the Dow Jones rose 0.01%. Stocks lost momentum during the second half of the American and erased previous gains to finish mostly in red. Gold found support at 1,135 an ounce and rose back to $1,160. Crude oil fell for the fifth consecutive session and closed the day at the lowest level since October 12. The Yen is rising across the board. Greenback moved away from intra-day high but is still up for the day against majors, with the exception of the yen.
The ecPulse.com analysis team affirms: The Dollar continued to gain against majors at the openings session of this week whereas investor's optimism pressured the world's leading currency to gain as recovery witnessed in the labor sector along with remarks from the Federal Reserve about inflation being subdued over the long term helped the dollar to gain against majors.
Ben Bernanke spoke at the Economic Club in Washington. He said that the U.S. economy faces headwinds and that credit conditions are tight and labor market is still weak. These current situations will keep the economic expansion at a moderate pace according to FED's chairman.