USD Remains Quite Positive Since Past Asian Session

Dollar remains quite positive since past Asian session, as appetite for riskier assets dilutes across the world: Asian stocks ended mostly negative, while Europe and U.S. futures are down since early Europe.

Gold also gave up ground, quoting around the $ 1090/oz level, favoring dollar gains. The metal has a monthly low at $ 1074.50, so that’s the support level to watch today, as $ 1103 area is first strong upside resistance zone.

Early data in Europe, show loans to households and companies in Europe posted their third straight annual decline in November as the economic slump curbed credit demand and made banks more reluctant to lend. Loans to the private sector fell 0.7% from a year earlier after a drop of 0.8 % in October, the European Central Bank said today.

EUR/USD remains under pressure, capped by the 1.4365 area, and pointing for a break under 1.4300, while Pound rebounded slightly to the upside after posting an intraday low of 1.5831.