FXstreet.com (Córdoba) - Stocks in the U.S. are rising sharply and main indexes are at the highest level in more than a year. Gold posted fresh record highs at 1,140 and crude oil is soaring 3.50%. Dollar gain momentum after Ben Bernanke talk about a strong Dollar but failed to hold and regain the downside. EUR/USD is back above 1.4950 and USD/JPY trades at the lowest level in a month.
The Dow Jones is rising 1.44% to 10,418, the highest level in more than a year and the S&P is consolidating above 1,100 at 1,111. The rise in stocks is sending pressure to the Dollar that weakened across the board in the last hours.
EUR/USD rebounded at 1.4880 (intra-day low) and rose sharply back above 1.4900 to 1.4970. USD/JPY fell below 89.20 to 89.05, reaching the lowest price in a month. Cable is posting fresh intra-day highs as it trades above 1.6800.