On September 3 forex trading day, the dollar ended up posting mixed results against many forex majors due to waning risk aversion. The US home resales came out better than expected, suggesting the housing market may soon stabilize and have a brighter outlook. This economic data then prompted forex traders to invest in assets with better yields. The stock markets posted gains, with Dow Jones jumping by 0.49% and NASDAQ advancing by 1.06%. Crude oil also went up by 1.5% to close at $75.02 per barrel, and gold closed at $1,253.4 per ounce after a 0.4% gain.

After Jean-Claude Trichet, president of European Central Bank, confirmed that a second recession is unlikely, the euro got a boost and reached almost the highest level in two weeks versus the dollar. The EUR/USD pair traded at a high of 1.2848 and a low of 1.2776. The British pound, on the other hand, declined against the dollar and the euro after a poor UK house prices report. The GBP/USD traded between 1.5350 and 1.5451.