15 Oct 2013
Elusive deal drags markets lower
FXstreet.com (Edinburgh) -Markets in the US are reverting the recent win streak, as a deal to avert a default and halt the ongoing administrative paralysis remains out of reach in light of the October 17th deadline. The US Dollar index, which gauges the greenback against its major competitors, keeps the upbeat tone and is trading in the upper band of today’s range beyond multi-week highs at 80.60. As of writing, DowJones is losing 0.42% followed by the S&P500 and the Nasdaq, down 0.35% and 0.25%, respectively.
Bourses in Euroland closed with strong gains bolstered by the recent improvement from the German ZEW Survey and hopes of a deal to leave behind the US fiscal gridlock. The German DAX closed in all-time highs, advancing 0.92% for the day, and followed by the ibex35, 1.13% and the CAC40, 0.78%. The bid tone of the greenback sent the EUR/USD to test fresh weekly lows around 1.3480, although regaining the area of 1.3490/1.3500 at the moment.
In commodities’ land, the barrel of WTI is losing 0.76% at $101.63 while the ounce troy of the precious metal is down 0.14% at $1,274.
Bourses in Euroland closed with strong gains bolstered by the recent improvement from the German ZEW Survey and hopes of a deal to leave behind the US fiscal gridlock. The German DAX closed in all-time highs, advancing 0.92% for the day, and followed by the ibex35, 1.13% and the CAC40, 0.78%. The bid tone of the greenback sent the EUR/USD to test fresh weekly lows around 1.3480, although regaining the area of 1.3490/1.3500 at the moment.
In commodities’ land, the barrel of WTI is losing 0.76% at $101.63 while the ounce troy of the precious metal is down 0.14% at $1,274.