The dollar declined versus major counterparts as investors demand high yielding assets before the GDP Friday that will show slowing growth in the first quarter of the year.
USD/JPY pair has dropped to record a low of 81.05, while it recorded a high of 81.41, and it is currently trading at 81.15.
On the other hand, Australian dollar rose against the U.S. dollar for the third consecutive day as Asian stock market continued to rise after the Feds stated the readiness to act but still saw the recovery on going which supported the market for now on eased worries over growth.
AUD/USD pair rose during Asian session, it trades around its highest level at 1.0387, and recording a low of 1.0349.
New Zealand currency extended its upside trend against the dollar, which rose for the third straight day after the RBNZ decided to leave its policy unchanged at a record low 2.50%.
NZD/USD pair started the day at 0.8151, where it recorded a high of 0.8164 and a low of 0.8140.
Technical analysis for precious metals with major support and resistance levels and recommendations for 18-08-2009