FXstreet.com (Barcelona) - Optimism has returned to stock markets, boosted by better than expected U.S. home and car sales figures, arising hopes of a closer recovery. The Pound has strengthened against the Dollar, Euro and Yen remain in range.
Asian markets have followed the path of Wall Street, which, after a weak start, turned positive on an unexpected rebound on U.S. Housing starts, and on an improving manufacturing data. Furthermore, car sales increased 25% last month, giving hope for the battered U.S. vehicle industry.
Tokyo Nikkei Index has advanced 4.3% on Thursday, while Hong Kong's Hang Seng Index added5.3% and South Korean Kospi Index added 3.6%.
Pound rose in Asian session
The Sterling has moved up in Asian session; after having bounced at 1.4325 on early U.S. session, the Pound has appreciated all the way to break through 1.4500 on late Asian session, art the moment of writing GBP/USD trades around 1.4530.
The EUR/USD has remained trading in a range from 1.3230 and 1.3295, low volatility ahead of the ECB monetary policy meeting.
USD/JPY has remained trading in the area between 98.40 and 98.85.