FXS: U.S Markets open with losses; Euro and Pound recovery attempts, halted
FXstreet.com (Barcelona) - U.S. markets have opened the week on weak note, on lower prices of energies and materials, which have hits commodity producers' stocks. Euro and Pound's recovery attempts have been halted.
Dow Jones Industrials Index is going through losses by 1.07%, while the Nasdaq index drops 1.22%, and the S&P Index trades 1.04% below its day opening level.
Freeport McMoRan Copper and Gold Inc, largest copper producer has dropped 2.3% on falling copper and oil prices, and McDnalds inc, the fast food giant has dropped 3.3% as foreign exchange rates might hurt company's earnings.
Euro and Pound recovery attempts, halted
EUR/USD, which had reached a maximum level at 1.3890 after having bounced at 1.3805 low on European session, has driopped about 40 pips on early U.S. session, returning to levels around 1.3840 at the moment of writing.
GBP/USD decline found a bottom at 1.5800 on European session, and the Pound rose back to 1.5945 although the pair has returned to 1.5900 on Wall street's weak opening.
USD/JPY continues trading in a narrow range from 98,25 to 98.70 after having been rejected at the 98.90 resistance level.