FXstreet.com (Buenos Aires) - European stocks markets continue recovering from a shaky start after a 4.7% decline in the Shanghai Composite weighed on risk appetite at the open. European indexes are up around 0.5% from a negative open which helped risky assets off their session lows, sending EUR/USD to an intraday high of 1.4178, and GBP/USD to 1.6480.

U.S. futures rose on positive European stocks, and are above yesterday's closing levels.Dollar is down across the board, except against Japanese Yen that is slightly down, still under key 96.00 level against greenback.