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US stocks turn positive, USD slumps

FXStreet (Córdoba) - US equities recovered after a negative opening while European markets finished lower. The USD dollar reversed sharply after a downside acceleration in the USD/JPY and was falling in the currency market.

In Europe, the FTSE 100 lost 0.70%while the Dax declined 0.65%. In Wall Street main indexes were rising modestly: Dow Jones +0.15%, Nasdaq +0.30% and S&P 500 +0.15%.

Gold was consolidating strong gains, holding near $1,310/oz up 1,75% for the day so far while crude oil was falling again, moving toward $97.00 a barrel.

The USD/JPY fell from 102.30 to 101.77 in a few minutes, apparently motivated by a error in a selling order (fat finger). The decline triggered a bearish run of the US dollar across the board.

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