OctaFX | OctaFX Forex Broker
Open trading account

US stocks rise, GBP plummets

FXStreet (Córdoba) - US stocks were rising while European markets finished higher on a session with risk appetite. The FTSE 100 rose 0.37% while the Dax soared 1.43%. In Wall Street the Dow Jones was rising 0.57% and the Nasdaq was up 0.88%.

Regarding economic data, in the US retail sales were unchanged in July, the worst reading in six months, analysts were expecting a marginal increase.

The US dollar lost ground across the board after the report but then managed to recover most of the losses. The Aussie and the Kiwi were the best performers so far on Wednesday among the most traded currencies while the Pound was plunging across the board.

EUR/USD erases gains, back to 1.3360

The EUR/USD pulled back in the last hours, erasing all gains. Price peaked after US economic data at 1.3413, the highest price since last Friday but failed to hold above 1.3400 and then retreated further as the US dollar strengthened across the board.
Read more Previous

EUR/JPY rally capped on the 137 handle

EUR/JPY is trading at 136.97, up 0.19% on the day, having posted a daily high at 137.21 and low at 136.61.
Read more Next
Start livechat