FXstreet.com (Barcelona) - U.S. stock markets are going through gains on Thursday as companies report better tan expected earning results in the first quarter. The Dollar has strengthened against Euro, Yen and Pound.
Dow Jones Industrials Index trades 1.11% up while the Nasdaq Index adds 1.72% and S&P Index trades 1.18% above its opening level.
On the macroeconomic front, Jobless claims have dropped unexpectedly by 14K to 631K, while labour costs posted the smallest increase on record. Furthermore personal income declined 0.32% in March and personal consumption fell 0.2%.
Later on Chicago PMI has risen to 40.1 in April from 31.4 in March, well above market expectations of a 34.0 reading
Dollar, stronger across the Board
EUR/USD has dropped to 1.3190 low on early U.S. session after having reached a two-week high at 1.3383. At the moment, the Euro trades some pips above 1.3200.
The Pound rose to 1.4950 high during the European session to fall afterwards all the way to 1.4700 level. At the moment the Pound is trying to pick up momentum and trades at 1.4730.
USD/JPY has continued growing, and from 97.15 low on early European session, the Dollar has reached 98.50 maximum level on early U.S. session.
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