Microscope
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U.S. markets finished Friday in negative erasing weekly gains and putting an end to a four week streak with gains. The Dow Jones lost 0.80% and Nasdaq 1.20% but in the last hour stocks managed to recover rising far from intra-day lows. Crude-oil tumbled more than 4% and finished below $68 a barrel. The Yen was again the best performer among currencies followed by the Dollar. The Euro fell across the board.
EUR/USD dropped below 1.4200 to 1.4160 and ended the week near the same opening prices. The Euro also fell against CHF and GBP. EUR/CHF plunged from 1.5300 to 1.5220. The pair suffered the biggest weekly loss since March. Against the Pound, the Euro failed to confirm levels above 0.8600 and weakened.
EUR/USD dropped below 1.4200 to 1.4160 and ended the week near the same opening prices. The Euro also fell against CHF and GBP. EUR/CHF plunged from 1.5300 to 1.5220. The pair suffered the biggest weekly loss since March. Against the Pound, the Euro failed to confirm levels above 0.8600 and weakened.