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Dollar ends Tuesday under pressure; Cable rose across the board; Gold posted new record highFITITOL–>FXstreet.com (C?rdoba) ? Markets rose in Asia, but fell in Europe and in the U.S. Gold rose to new historic highs and crude oil jumped to fresh one-month high. Dollar fell across the board, plunging to a fresh year low against the Euro. Cable rebounded at multi-month lows and ended with gains against major currencies.
Intel posted bigger than expected results after the close at Wall Street and sent more pressure to the Dollar. Greenback fell to fresh multi-month lows against the EUR and AUD. EUR/USD close at the highest level since August of 2008, above 1.4800 for the first time since August 21st of last year. The pair peaked at 1.4875.
AUD/USD jumped to 0.9124 posting a fresh 14-month high but then pulled back to 0.9050. The Aussie was boosted by an increase in gold prices that posted a new record high at $1064 a/oz.
The Sterling fell plunged during the European session but then rebounded sharply in the American ending the day higher across the board. GBP/USD bottomed at 1.5710, 4-month low but then jumped above 1.5900. Against the Euro, tumbled to a 6-month low but then recovered and finished the day with gains. GBP/CHF tumbled to 1.6115, 6-month low but the rallied to the upside reaching levels above 1.6250.
The Yen fell across the board but managed to rise against the Dollar. USD/JPY failed to hold above 90.00 and weakened. The pair continues to move in ranges and has an important support at 89.40/60, a break below could send the pair lower to 89.00.
USD/CAD fell for the fourth consecutive day and has accumulated a decline of more than 300 pips. The Canadian Dollar was boosted by higher oil prices that jumped above $74 a barrel.
Korman Tam, from Forexnews.com comments on the coming session: ?With corporate earnings season picking up this week, traders will closely scrutinize tomorrow?s economic reports. The data to be released include September retail sales, import prices, export prices and business inventories. The headline retail sales report is expected to post a 1.4% decline in September compared with a 2.7% increase a month earlier. The excluding automobiles retail sales are expected to improve by 0.2% for September versus a 1.1% in the previous month.?
For more information, read our latest forex news. Read More Dollar ends Tuesday under pressure Cable rose across the board Gold posted new record high
