Session Recap: Dollar declines further on worldwide risk appetite

FXstreet.com (San Francisco) - The confidence returned to the market and after weeks of speculations about a possible slowdown in the global economic recovery as well as Syrian fears, the market players seem to have watched Chinese and Japanese data as well as Russian's new plan on Syria as hopes that everything is going to be alright.

In this context, the stocks rose and the commodities declined. In the currency market, the US dollar suffered the most as the Greenback was the loser against its major competitors for third day in a raw with the euro rising and the yen collapsing.

The EUR/USD advanced for third day with the pair consolidating levels above the 1.3250 area. The GBP/USD rallied to 1.5445, highest since June 17. The USD/JPY broke above the 100.20 area and reached fresh maximum since July 22 at 100.45.

The AUD/USD tested the 0.9320, high since June 27. The GBP/JPY jumped to 4 years maximum at 158.00.

Main headlines in the American session:

Asmussen makes a push for ECB transparency

Syria yields to calls for disarmament

Syria and China propping up markets

Wall Street rallies for second day as Syria fears ease