Friday 26 June 2009

Markets fell for second week in a row; USD ended down but still in range (Córdoba) – U.S. markets ended mixed of Friday. The Dow Jones fell 0.40% and the Nasdaq rose 0.47%. The Dow Jones lost 1.2% in the week. Oil fell today 1.50% and also ended the second week in a row with losses. The Dollar dropped across the board on Friday ending the week down. Despite that, Greenback is still moving in ranges against JPY, EUR and GBP.

EUR/USD climbed today and for the week but the Euro was unable to reach levels above the highs of the years. The pair is still trap in a big range with no clear trend.

Against the Pound, Greenback fell for the third week in a row. Despite that GBP/USD hasn’t been able to break above the highs of the year. The pair continues to move in a range between 1.6160 and 1.6600 the last three weeks.

USD/CHF is also moving with no clear trend, making lateral moves. Neither the jump on Wednesday (after the intervention of the Swiss National Bank), nor the plunge of Thursday and Friday where able to break a big range between 1.0570 y 1.1000, on which the pair has been moving the last six weeks.

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