FXstreet.com (Córdoba) - Stocks in the U.S. fell on concerns about the current economic situation. Moody's downgrade in Greece and its warning about U.S. and U.K. credit rating boosted risk aversion. The Dow Jones fell 1% and the Nasdaq slid 0.76%. Crude oil lost 1.30% and gold tumbled below 1,130. The Yen and the Dollar rose further across the board during the American session.
Concerns about the Dubai crisis and a downgrade in Greece credit rating weight on global stocks.
Risk aversion boosted the Dollar and the Yen. Greenback trades at the highest level in a month across the board. EUR/USD fell below 1.4700 to 1.4680, the lowest price since November 3. If the pair ends the day below 1.4700 it will be the first time since October 7 to do. Cable hold near the lows of the day below 1.6300 during the American session but did not fall further against the Dollar.
USD/JPY moved in ranges in the last hours between 88.20 and 88.55. The pair is consolidating important losses for the second day in a row. The Yen trades at the highest level in a week against European currencies.