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US markets reverted initial losses, dollar tumbles

FXstreet.com (Barcelona) - Shares in the US market are now trading in the positive territory on Thursday, shrugging off the poor batch of economic data in the US economy and helped by the outperformance of Cisco Systems Inc. (CSCO). The greenback, measured by the US Dollar Index, is grinding lower and partially trimming recent gains around 83.75/80.
DowJones is now up 0.02%, followed by the Nasdaq, 0.16%. The S&P500 is retreating 0.07%.

With the disappointing US data as leitmotif, bourses in Euroland closed in red with the exception of the German benchmark, extending its record gains, up 0.09%. The IBEX35 led the losers, down 0.47% and followed by the FTSE100, 0.09% and the CAC40, 0.08%.
The single currency reverted the recent negative trend, climbing to the area of 1.2930 in the wake of the US data after bottoming around 1.2840. At the moment, the cross is hovering over the 1.29 handle.

In the commodities sphere, the barrel of WTI is up 0.76% at $95.02 while the ounce troy of gold is retreating 0.86% at $1,384.

Forex Flash: USD/CHF to go higher, but EUR/CHF? - UBS

The Swiss franc lost across the board in recent days, says the UBS analyst team, EUR/CHF moved above 1.25, while USDCHF moved above 0.97. "The last time that EURCHF moved to 1.25 was in January, when the EURUSD exchange rate hit 1.37", UBS comments. "This time, the dovishness of the ECB has pushed that rate down to 1.29".
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Forex: US Dollar Index grinding lower

Poor data from the US labour market and the manufacturing sector have dented the USD rally, sparking a correction lower to the current area of 83.80/85 after Wednesday’s yearly highs above 84.00...
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