US stocks decline, USD consolidates gains

FXStreet (Córdoba) - Wall Street was falling on Friday while European markets finished lower. The FTSE 100 lost 0.43% while the Dax retreated 1.53% and the Cac 40 declined 1.81%. In the US the Dow Jones was falling 0.75% and the Nasdaq 0.54%.

The US dollar was consolidating gains and reached fresh 2014 highs versus the Euro and the Swiss Franc. The Canadian Dollar was the worst performer so far during the American session.

Gold was rising, recovering after falling yesterday below $1,290 and was trading above $1,300. Crude oil, affected by risk aversion was 0.30% lower, below $102 a barrel.

EUR favouring downside - Scotiabank

Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that the EUR is soft and favouring downside.
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GBP/USD attempts to the upside squashed

GBP/USD is trading at 1.6970, down -0.10% on the day, having posted a daily high at 1.7000 and low at 1.6961.
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