FXstreet.com (Córdoba) - A surge in stocks is weakening the Dollar across the board. EUR/USD broke above 1.5010 and rose to 1.5029. The pair trades at 1.5025/28, 0.15% above today's opening price and near intra-day high that is located at 1.5036. On the upside the next resistance lies at 1.5045 (year high) and above at 1.5080.
Against the Swiss Franc, Greenback lost previous gains and now trades at 1.0047/50, 0.17% below today's opening price and is heading toward intra-day lows that lie at 1.0044. USD/CHF fell earlier to hold above 1.0100.
Stocks are now in the positive side in the U.S. The Dow Jones is rising 1.25% and the Nasdaq is up 0.46%. President Barack Obama is speaking on executive bank compensation.