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US stocks decline despite data, USD resumes the upside

FXStreet (Córdoba) - Equities in the US area falling on Tuesday, while European markets finished mixed. In Europe, the FTSE 100 rose 0.07%, the Dax gained 0.39% and the Ibex 35 lost 1.35%. In Wall Street main indexes were falling: Dow Jones -0.51%, S&P 500 -0.57% and Nasdaq -0.50%.

The US dollar climbed further during the American session, reaching fresh monthly highs. The best performer in the currency market was the Pound. Better-than-expected data in the UK and the US were supporting their currencies.

As Greenback resume the upside, crude oil slipped further and was down almost 1%, trading at $97.35 a barrel. Gold was falling modestly trading near last week lows around $1,285/oz.

GBP/USD at 1.7200 by year end

GBP/USD is trading at 1.6869, up 0.04% on the day, having posted a daily high at 1.6891 and low at 1.6845.
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GBP/USD comes with downside warnings - Scotiabank

Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained that technical signals are warning of further near‐term downside risk in GBP/USD.
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