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US equities falling sharply, USD sideways

FXStreet (Córdoba) - On the first day on the fourth quarter stocks were falling in Wall Street following a decline in Europe. Among country indexes the FTSE 100 lost 0.89%, the Dax retreated 0.97% and the Cac 40 lost 1.16%. In the US, main indexes were falling considerably: Dow Jones -1.19%, Nasdaq -1.30% and S&P 500 -0.88%.

In the currency market, the US dollar was moving sideways, still higher for the day, but off session highs. The yen was the best performer among majors and it was rising sharply, USD/JPY tumbled from 110.00 to 109.12.

Crude oil was recovering modestly after yesterday’s plunge, rising 0.80%. Gold was also moving higher after rebounding at $1,204/oz (2014 lows) and was testing $1,220.

EUR/JPY falls to 3-week lows

EUR/JPY fell further below the 138.00 level and hit fresh 3-week lows during the American session as the yen strengthens across the board amid some profit taking.
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USD Conditions feeding through - BMO Capital Markets

Before the disappointments in US data, besides the ADP report, Stephen Gallo, European Head of Currency Strategy at BMO Capital had noted that the DXY was trading slightly higher by the end of the London morning, but the broad value of the USD failed to re-test the highs observed on Tuesday.
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