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US stocks downs, USD remains strong

FXStreet (Córdoba) - Equities lost ground in Europe and were falling in Wall Street. The FTSE 100 declined 0.93%, the Dax lost 0.50% and the Cac 40 retreated 0.41% while in the US, the Dow Jones was falling 0.51%, the Nasdaq was plunging 1.35% and the S&P 500 was down 0.82%.

Economic data from the US showed that existing home sales fell 1.8% in August; the first monthly decline in five months. Analyst were expecting an increase of 1%.

Among currencies, the pound was among the best performers while the US dollar held near last week highs. The euro lost momentum with Draghi’s words while the loonie and the aussie were falling across the board. Crude oil was falling again, almost 1% with the barrel trading around $91.50. Gold was flat, hovering around $1,217, after being unable to rally above $1,220 and far from 2014 lows, that reached during the Asian session at $1,208.

USD/CHF rises to 0.9420

Greenback was trading flat against the Swiss franc on Monday during the American session. USD/CHF bottomed on Asian hours at 0.9378, but then bounced to the upside.
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EUR/USD in oversold conditions

EUR/USD is trading at 1.2829, up 0.01% on the day, having posted a daily high at 1.2868 and low at 1.2816.
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