Greenback Declines To 1.5897 Versus PoundThe material has been provided by Instaforex Company - instaforex.com
- The Dow Jones industrial average <.DJI> dropped 117.12 points, or 0.89 percent, to 13,082.43
- The Standard & Poor's 500 Index <.SPX> fell 13.97 points, or 0.99 percent, to 1,399.41
- The Nasdaq Composite Index <.IXIC> lost 50.75 points, or 1.63 percent, to 3,062.82.
The European common currency bounced back from early morning session's 2-week low of 1.3064 against the Canadian dollar during New York afternoon trading on Wednesday. As of now, the euro is trading near 1.3097 versus the loonie.The material has been provided by Instaforex Company - instaforex.com
- U.S. May crude
fell $2.54, or 2.44 pct, to settle at $101.47 a barrel, having traded from $101.08 to $104.12
During New York afternoon trading on Wednesday, the US currency edge down against most major European currencies from previous session's upward trading.
After hitting new multi-week highs of 1.3109 against the euro and 0.9185 versus the Swiss franc at around 9:05 am ET, the greenback reversed its direction in today's mid-day deals. The greenback is currently trading near 0.9162 against the franc and 1.3143 versus the euro.
Against its British counterpart, the US currency also showed weakness in New York afternoon session from early morning session's new multi-day high of 1.5836. At present, the dollar is trading near 1.5890 versus the sterling.The material has been provided by Instaforex Company - instaforex.com