Wall Street finish higher; Dollar consolidates gains but moves away from the highs

By IBTimes Staff Reporter | November 17 2009 4:18 PM

FXstreet.com (Córdoba) - U.S. markets finished in positive after starting the day with losses. The Dow Jones rose 0.29% and the Nasdaq 0.27%. Treasuries continue to rally and the yields are at the lowest level in months. Dollar is consolidating moderate gains across the board but in the last hours moved away from the highs of the day.

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EUR/USD is back above 1.4850 but 0.65% below today's opening price. The pair was rejected from 1.4810. GBP/USD is testing levels above 1.6800 after bottoming at 1.6750. Cable is posting important gains to the Euro and the Swiss Franc. The Yen is mixed across the board. USD/JPY hovers around 89.25, up for the day but far from 89.52, daily high. USD/CHF was rejected from levels above 1.0200 and trades below 1.0170.

Currencies tied to commodities are lower against the Dollar but recovered some ground. AUD/USD is back above 0.9300 and NZD/USD trades on top of 0.7450. USD/CAD failed to break above 1.0600 and pull down to 1.0510.

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