Majors Currencies turn down on Negative Equity Markets

On Tuesday, the Dollar reinforced against the Swissy, Euro and the Cad, but to some level it lost the ground against the Yen and the Pound, where the Aussie closed the last trading day at breakeven. Dollar strength came during tonight’s Asian session and on Tuesday as the US equity markets closed just in the red, indicating the market’s risk-aversion position. Ahead, the calendar is filled with top-tier releases over the next-three days of trading, something that will undoubtedly be reflected in the intra-day session.

The Euro (EUR/USD) lost 90pips in the last trading day, on Tuesday, as the pair traded in the Us trading hours and in the early overnight session. In the Asian session, the Euro turned down another 30pips, shedding every pip gained this week.

The Pound (GBP/USD) lost 40 pips during tonight’s Asian session, shedding every pip gained one-day before on Tuesday. Additionally, the pound advanced as much as 140pips during the intra-day session, but lost most of its ground in the second part of the US session.

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