FXstreet.com (Buenos Aires) - Monday holiday send Euro and Gbp up, with both currencies erasing big part of past week losses. The DJIA close the day with small losses but above the 8000 points, supporting risk appetite and dollar selling. Euro begins strengthening past Asian session, ahead of U.S. bank earnings, and by the end of the American session, Goldman Sachs reported a much stronger-than-expected first-quarter profit bouncing back from its worst quarter as a public company. The company announced a $3.39 EPS versus expectations of $1.49. JPMorgan and Citigroup reports are expected later this week. This improvement in sentiment could well extend in the next sessions, although today's movements in a much lighter than normal volume with most of European markets close for the Easter holiday, tend be exaggerated as thin trading conditions usually result in volatility.

Euro quotes at 1.3364, while Gbp is around 1.4850 both against dollar. Japanese Yen is holding just above the Y100.00, after hitting an intraday high of Y99.85. Tuesday markets will return to normal activity across the world.

For more information, read our latest forex news.