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Wall Street closes sharply lower

FXstreet.com (San Francisco) - The US stocks market closes Thursday with losses as investors were disappointed from economic data and weaker-than-expected corporate earnings reports. Health care, techs and banks dragged the indexes to close down its second consecutive session.

The Dow Jones declines 81.45 points or 0.56% to end the day at 14,537.14. The S&P 500 eased 10.40 points or 0.67% to finish at 1,541.61. And the Nasdaq Composite lost 38.31 points or 1.20% to 3,166.36.

Forex: GBP/USD back below 1.5300

Whippy price action continues is the main theme in the FX space on Thursday, with most crosses swinging without a clear direction. GBP/USD bounced from a low of 1.5213 at the beginning of the NY session and after a nearly 100-pip rally finally found resistance at 1.5311.
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Session Recap: Currencies consolidate yesterday's levels; everybody waits Italy

The USD traded lower on Thursday but not too much as currencies remained around Wednesday closes. Market was waiting for Italy resolutions but the Italian parties didn't reach an agreement. Weak US fundamental data pressured the risk appetite to the down and investors kept the cautions mode across the day.
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