Reply #49: Dollar extends slide across the board

[Ghost Dog]

FXstreet.com (Buenos Aires) – Nearing London close, dollar extends its slide against major rivals, with EUR/USD having reached an intraday high of 1.2892 this far, and USD/JPY near its 15-year low of 83.35. AUD/USD is also strong and continues approaching to the yearly high around 0.9381, immediate resistance level, ahead of 0.9404, past 2009 yearly high.

US stocks however, had lost initial bullish momentum with DJIA losing ground quickly, barely 25 points above opening price, while S&P gains 0.64% at the time of writing. Such slide could trigger a risk aversion rally if persist, contrarian to past session optimism favoring some dollar gains in the upcoming hours.

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