Dollar mixed in light activity during the American session

Thursday, April 30, 2009

With thin liquidity ahead of tomorrow’s holiday in several European countries, dollar ended the day mixed across the board, this last day of April. Gbp and Canadian dollar advance against dollar, printing the most interesting winnings of the day, while Euro and Swiss Franc corrected from early European highs, yet spent most of the American session consolidating ending the day negative. Wall Street rallied following previous sessions stocks, despite Chrysler filed for bankruptcy protection in a plan that would provide new ownership for the ailing auto maker.

Japanese yen continued loosing reaching against dollar the 99.00 level, yet ended the session around 98.60, above the key 98.45 level. Unwind of safe haven position and rising risk appetite, will probably continue pushing the pair up. 

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