The Dollar rebounded in early Europe session but fell again after US stocks rose. Initial Jobless Claims came out worse than expected at 531K vs. 515K last week, a reminder that the labor market will be slow to recover. NASDAQ and Dow Jones advanced by 0.68% and 1.06% respectively. Crude oil fell by 0.1% closing at 81.20$ a barrel on the back of the disappointing jobless data. Gold (XAU) weakened by 0.6% closed at 1058.6$ an ounce. Today, Existing Home Sales are expected to slightly rise from 5.1M to 5.37M, Fed Chairman Bernanke Speaks.
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