FXstreet.com (Córdoba) – High-yield currencies moved considerably during the American session, as initially reached fresh highs against the Dollar but then turned lower, to new monthly lows to then bounced sharply back to the upside erasing losses. The Kiwi is outperforming the Loonie and the Aussie on Friday.
Commodity currencies are moving in line with Wall Street main stock indexes. The Dow Jones bottomed earlier at 11,140, the lowest level since early December but then jumped more than 300 points and currently is rising 97 points or 0.86%.
AUD/USD bottomed at 1.0375, fresh 4-month lows but then rebounded sharply to test daily highs at 1.0525. Currently it is struggling to close the week above 1.0500.
NZD/USD reached the lowest level on Asian hours at 0.8275 but currently is testing levels on top of 0.8420.
USD/CAD is trading at 0.9780/85, just a few pips below the price it had at the beginning of the day after peaking at 0.9852, the strongest level since June 29.
Market sentiment improved after reports suggested that the ECB was willing to buy Italian bond and following a press conference where Italian Premier, Silvio Berlusconi, announced a G-7 meeting of Finance ministers and also said that the budget will be balanced by 2013.
Commodity currencies are moving in line with Wall Street main stock indexes. The Dow Jones bottomed earlier at 11,140, the lowest level since early December but then jumped more than 300 points and currently is rising 97 points or 0.86%.
AUD/USD bottomed at 1.0375, fresh 4-month lows but then rebounded sharply to test daily highs at 1.0525. Currently it is struggling to close the week above 1.0500.
NZD/USD reached the lowest level on Asian hours at 0.8275 but currently is testing levels on top of 0.8420.
USD/CAD is trading at 0.9780/85, just a few pips below the price it had at the beginning of the day after peaking at 0.9852, the strongest level since June 29.
Market sentiment improved after reports suggested that the ECB was willing to buy Italian bond and following a press conference where Italian Premier, Silvio Berlusconi, announced a G-7 meeting of Finance ministers and also said that the budget will be balanced by 2013.
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