FXstreet.com (Barcelona) - European markets have opened Friday's session with gains once concerns about U.S. banks' stress tests have vanished. Major currencies remain moving sideways, ahead of April's non-farm payrolls report.
Eurostoxx 50 Index adds 1.54%, and German DAX index gains 1.57% while French CAC Index trades 1.34% above its opening level.
Banking stocks are moving higher once fears about bankruptcies in the U.S. are gone; Commerzbank rose 3.5% and shares of Royal Bank of Scotland rocketed 13%.
Euro Pound and Yen, little moved ahead of NFP
EUR/USD remains moving from 1.3390 to 1.3440 during the first hours of the European session after having risen from intra-day low at 1.3340 during Asian session.
GBP/USD has moved to levels above 1.5000 ahead of the European session opening and trades between there and 1.5065 level on early European session.
USD/JPY has entered into a consolidation period; the pair has been moving from 98.90 to 99.00 after the pull back from yesterday's 3-weeks high at 99.77.
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