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US stocks downs, USD rebounds

FXStreet (Córdoba) - Stocks finished lower in Europe and were falling in the US amid weak economic data from the Eurozone and tensions in Middle East.

Main European indexes ended in negative territory: FTSE 100 -1.44%, Dax -1.59%, Cac 40 -1.88% and FTSE MIB -1.56%. In Wall Street, the Dow Jones was losing 0.46% and the Nasdaq was down 0.26%, both at session lows.

Among currencies, the US dollar gained momentum and erased losses, reaching fresh multi-month highs versus commodity currencies.

Crude oil was rising modestly, with the barrel still below $92.00, up 0.90%. Gold was recovering ground trading around $1,222 after making a bearish reversal at $1,235.

EUR/USD edging lower to key support on 1.28 handle

EUR/USD is trading at 1.2848, down -0.01% on the day, having posted a daily high at 1.2902 and low at 1.2843.
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EUR quashed on policy developments - Scotiabank

Eric Theoret, Currency Strategist at Scotiabank noted that the EUR has made repeated attempts at stabilization through the month of September, only to weaken further on the back of policy developments.
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