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US stocks drop again, GBP plummets

FXStreet (Córdoba) - Stocks in Europe finished sharply lower and in Wall Street were falling for the fourth day in a row after the European Central Bank revealed details about its new stimulus program.

Among country indexes, the UK FTSE 100 fell 1.70% while the Germany's DAX plummeted 1.98% and Italy’s FTSE MIB, the worst, collapsed 3.92%. In the US, the Dow Jones was losing 0.45%, the Nasdaq was down 0.64% and the S&P 500 was retreating 0.62%.

In the currency market Greenback was pulling back, making the first significant bearish correction in days. But the worst performer was the pound. While EUR/USD was trading at 2-day highs above 1.2650, GBP/USD reached 3-week lows at 1.6109. The yen was among the best performers rising sharply for the second day in a row ahead of the NFP report.

On a volatile session, the value of the ounce of gold was posting marginal gains, trading around $1,215 after reaching levels on top of $1,220.00 during the Asian session. Crude oil was falling 0.75%, defending $90.00 a barrel.

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