US Markets markedly lower, dollar recovers

FXstreet.com (Barcelona) - Stocks in the US markets have accelerated its downside after comments by Republican Party member J.Boehner increased the uncertainties surrounding the ‘cliff’ talks. The politician has emphasized that the conflicting issue remains the spending, while both Democrats and Republicans seem to agree in keeping taxes low for the middle-class.
In addition, an almost logical profit taking tone is prevailing among traders, collaborating with the bearishness.
The greenback, measured by the US Dollar Index, is finally recovering some ground after yesterday’s sell-off on the FOMC’s statement, now hovering over the psychological mark at 80.00
DowJones is down 0.53% followed by the S&P500 and the Nasdaq, losing 0.72% and 0.83% respectively.

On the other shores of the Atlantic, the bourses in Euroland have followed the negative sentiment orbiting around the risk-related assets, closing in the red territory with the exception of Madrid, up 0.38% for the day.
On the other hand, a choppy session prevailed in the FX markets, with the single currency trading in a range between 1.3050 and 1.3100
The DAX led the losses, retreating 0.43%, ahead of the FTSE100 0.27% and the CAC40 0.10%.

Commodities are suffering the effects of a stronger US dollar on Thursday, as both the Gold and the WTI are trading in red, down 1.24% and 0.52% respectively.

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