By CountingPips.com
The US Dollar, under pressure most of the week and falling to new yearly lows, has been mixed in forex trading today against most of the major currencies. The dollar has regained a little ground against the euro, British pound, Australian dollar, Canadian dollar while falling to the Japanese yen and New Zealand dollar. The dollar is trading 
virtually unchanged versus the Swiss franc at the end of of the US trading session at 4:22pm EDT according to according currency data by Oanda.
The stock markets had a losing session today after five days of gains with the Dow declining by approximately 22 points, the Nasdaq decreasing 3 points and the S&P 500 falling by 1.41 points. Oil traded lower to $69.81 while gold traded higher by $10.60 to $1006.00 per ounce.
Major economic news releases today showed that September consumer confidence in the U.S. was better than expected. The University of Michigan/Reuters survey scored a 70.2 in September after a 65.7 score in August and past the expectations of a 67.5 score. The current conditions index and the consumer expectations for six months from now also increased in the release.
Out of Europe, U.K. producer prices increased by 0.2 percent in August and registered a 0.4 percent decrease on an annual basis according to the Office of National Statistics. Core producer prices, excluding food, energy and tobacco, gained by 0.2 percent in August while on an annual basis core prices climbed by 0.7 percent.
Today’s EUR/USD Chart – The euro has given back just a bit of its gains today versus the dollar in trading as the EUR/USD pair trades around the 1.4570 level but did make a fresh 2009 high today above the 1.4630 level. The euro has gained over 230 pips against the dollar from the beginning of this week. The euro could be on its way to test the December 2008 resistance level around 1.4700 after breaking through the early August resistance at the 1.4450 level.
