Forex: Greenback finished slightly up on Tuesday, far from the highs

Tue, Nov 10 2009, 22:54 GMT
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FXstreet.com (Córdoba) – On a calm session the Dollar and the Yen rose across the board on Tuesday but ended the day far from the highs. The best performer of the day was the Canadian Dollar. Cable managed to recover after a plunging following a warning on UK credit rating.

EUR/USD is holding below 1.5000 but recovered after falling below 1.4950. Greenback failed to confirm a break of the support at 1.4950 and weakened. GBP/USD tumbled to 1.6605 but the started to rise and currently is testing a resistance zone at 1.6740. The Yen rose across the board but at a moderate pace. USD/JPY continues to move in ranges.

Currencies tied to commodities finished slightly lower but far form the lows of the day. The Canadian Dollar rallied for the second day in a row reaching fresh 2-week highs.

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