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Dollar touches new highs, Wall Street extend losses.

News Date: 10/11/2015 09:45:22
 
The Dollar index touched a fresh 7-month high at 99.48, gaining 0.40% for the day. It rose 0.57% against Euro to 1.0690. It gained 0.02% against Sterling to 1.5111. It rose 0.12% against Yen to 123.31.

Italian industrial production for September rose 0.2% m\m, less than the 0.5% growth expected. The result didn't help Euro, with its index down half a percent to 86.27. It lost 0.52% against Sterling to 0.7076. It fell 0.44% against Yen to 131.85.

European stocks posted mixed results, with the pan-European index FTSEurofirst up 0.16%. Britain's FTSE index lost 22 points, or 0.36% to 6,272. Germany's DAX index rose 28 points, or 0.26% to 10,845. France's CAC rose 0.03%, or 1.3 points to 4,911.

Wall Street extended its losses, with Dow Jones down 25 points, or 0.15% to 17,705. NASDAQ fell 26 points, or 0.51% to 5,069. S&P 500 lost 0.06% to 2,077.

Oil prices reversed course downward as a result of the strengthening dollar, with Brent futures for December off by 4 cents, or 0.06% to $47.89 a barrel. U.S. crude futures fell a similar 4 cents, or 0.09% to  $43.80 a barrel.  

Canadian dollar gave up earlier gains in tandem with oil, losing 0.01% to C$1.3288. Australian dollar lost 0.40% to $0.7020.

Gold futures fell $2.80, or 0.26% to $1,085.20 an ounce. Silver futures lost 12 cents, or 0.85% to $14.29.

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