Published: Thu, 02 Jul 2009 22:07:00 +0200

Markets fell sharply; Dollar and Yen stronger

FXstreet.com (Córdoba) ? Wall Street plunged today. The Dow Jones and the Nasdaq fell more than 2% following the slump in European markets. Oil collapsed falling below $67 a barrel. Neither gold could escape the bear market and dropped 1.05%. A bad unemployment report change investor?s mood. The Yen and the Dollar rose across the board.

EUR/USD is testing the support at 1.4000. The pair was unable to hold position below that level and pullback to 1.4030. But in the final hour of operations at Wall Street Greenback got stronger and started to rise again. GBP/USD also fell but a smaller pace.

USD/JPY bottomed today at 95.70 during the American session. The pair rallied downside after the jobs reports. The Yen rose across the board today with strong gains against CHF, EUR and GBP.

By Fxstreet.com

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