FXstreet.com (Buenos Aires) - Dollar closed the day slightly up against European rivals (and exactly the opposite against commodity currencies like AUD, CAD, and NZD) with Wall Street barely positive thus still in yearly highs; no calls for risk aversion at this point, as positive data continue giving encouraging signs of global recovery, yet the flip flaps market has been showing since past week should continue ahead of the end of the month.

Nikkei 225 is expected to rise following DJIA gains for 5 straight sessions, but market will be closely watching the 10630 point level, yearly high, where investors are expected to take profits depending on USD/JPY moves.

Despite rising stocks, dollar has some positive cues from the technical point of view; EUR/USD under 1.4300 with key support at 1.4270 area, while GBP/USD continues consolidating just above 1.6400 level; if moves under 1.6375, we could see some strong downside momentum there.

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