The US
currency was up versus the common currency as the currency pair of EUR and USD toppled
to 1.3363 (0.28 percent).
The pair will
possibly earn support at 1.3338 with initial resistance at 1.3422 which is the
20-day exponential moving median.
Meanwhile,
the dollar rose against the franc. USD and CHF moved forward 0.41 percent to
0.9061. The dollar remained steady against the Canadian note with USD and CAD
dropping 0.08 percent (1.0886). The pair looks forward to support at 1.0864 with
resistance at 1.0925.
The US
currency was down versus the UK pound sterling with GBP and USD advancing 0.24
percent to 1.6731.
Risk mode
was evident in stock markets after continuing talks among foreign ministers of Russia,
Germany, France, and the Ukraine. They talked about the involvement of Moscow
in providing humanitarian assistance to southeastern Ukraine after soldiers
from Ukraine assaulted a convoy from Russia last week.
The news caused
the US dollar to plummet as traders opted for safe haven currencies like the
Swiss franc and Japanese yen.
Amplified risk
craving affected gold which scaled down early this week.
Gold declined
$7.50 (1,298.70 per ounce while spot gold plummeted $6.69 ($1,298.01 per ounce).
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