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US markets mixed, dollar advances

FXstreet.com (Barcelona) - Equities in the US markets are trading mixed at the beginning of the week after poor data from the US housing sector and better-than-expected earnings reports. The greenback, measured by the US Dollar Index, is posting gains against its rivals hovering over 82.85/90 region from highs above 83.00.

Bourses in Euroland closed mostly higher with the exception of the British benchmark, down 0.09% for the day. The IBEX35 led the winners, advancing 1.42% followed by the DAX, 0.40% and the CAC40, finishing flat. The banks pushed the indices higher on Monday on the Italian elections, although they trimmed gains after the poor US housing data.
After bottoming below 1.3020, the single currency found support and is trading back to the 1.3050 region, as risk aversion is prevailing amongst investors.

In the commodities space, the ounce troy of gold regained the $1,400 mark, up 1.93% at $1,422. The barrel of WTI is following suit, advancing 0.47% at $88.42.

Forex: EUR/GBP consolidates at daily lows

The British pound continues to outperform the euro in an uneventful session Monday, despite last Friday Fitch decided to cut UK AAA rating. After dropping over 50 pips from daily highs, EUR/GBP found support at the 0.8540 area and was confined to a phase of consolidation.
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Forex Flash: RBS sees the lower end of range breaking; 1.5235 is the key

After declining from the 2013 highs at 1.6340 reached in January 2dn, the GBP/USD found support at the lowest level since June 2010 at 1.4830. Following that movement, the cable tried to recover ground but the movement was capped at 1.5405 in April 11 with the pair falling back to trade just above the 1.5200.
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