FX : European markets bounce; dollar slightly down across the board
FXstreet.com (Buenos Aires) – European equities bounced slightly this morning still in negative territory, as Asian drops are still casting a shadow on the rest of stocks markets. The bounce triggered some short upside momentum in European currencies, with EUR/USD back hovering around 1.4130, still under strong 1.4150/60 resistance level. GBP/USD failed to break above 1.6430 and is back down approaching to 1.6400. USD/CHF fell to 1.0730 area, ahead of 1.0680, next key support level.
Commodity currencies bounced stronger with AUD and CAD spiking quickly to the upside, yet rally did not hold and both currencies against greenback, are back to the downside.
