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Forex pairs in this Article » EUR/USD (Edinburgh) - Equities in the US trading floor are sharply lower on Tuesday, with the Dow posting a triple-digit drop as market participants rush to cash up recent gains. In the same direction, Detroit’s bankruptcy was allowed to proceed, adding to the selling pressure. The greenback, in terms of the US Dollar index, is giving away yesterday’s gains and trading around 80.65/60. At the moment, DowJones is losing 0.82%, followed by the S&P500 and the Nasdaq, down 0.60% and 0.50%.

Bourses in the Old Continent retreated for the third consecutive session on jitters regarding the Fed and the likeliness of QE tapering. The French benchmark was the worst performer, down 2.65%, ahead of the DAX and the IBEX35, losing 1.90% and 1.44%, respectively. The single currency managed to regain the 1.3600 handle, coming up from Monday’s troughs near 1.3520.

In the commodities’ land, the barrel of WTI is rallying 2.33% around the $96.00 while the ounce troy of gold is posting marginal losses around $1,220.
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