24 Mar 2014
US markets in red, USD slumps
FXStreet (Edinburgh) - The selling pressure is gathering steam amongst investors, dragging the main indices lower.
DowJones is retreating 0.12% followed by the S&P500, 0.48% and the Nasdaq, 1.20%. In the meantime, the greenback, gauged by the DXY, is trading below the psychological mark at 80.00, currently around 79.90.
Bourses in the Old Continent closed in a ‘sea of red’ following the softer PMIs from the Chinese economy and the euro area. The DAX retreated 1.65% seconded by the IBEX35, 1.39% and then the CAC40, 1.36%. The single currency is hovering around 1.3840 after climbing to the proximities of 1.3880 on USD weakness.
In the commodities’ space, the ounce troy of gold is down almost 2% around $1,310. The barrel of WTI is down 0.10% near $99.40.
DowJones is retreating 0.12% followed by the S&P500, 0.48% and the Nasdaq, 1.20%. In the meantime, the greenback, gauged by the DXY, is trading below the psychological mark at 80.00, currently around 79.90.
Bourses in the Old Continent closed in a ‘sea of red’ following the softer PMIs from the Chinese economy and the euro area. The DAX retreated 1.65% seconded by the IBEX35, 1.39% and then the CAC40, 1.36%. The single currency is hovering around 1.3840 after climbing to the proximities of 1.3880 on USD weakness.
In the commodities’ space, the ounce troy of gold is down almost 2% around $1,310. The barrel of WTI is down 0.10% near $99.40.