U.S. markets, higher after jobless claims decline; Dollar attempting recovery

Dow Jones Index advances 1.1%, while the Nasdaq Index adds q.% and the S&P Index trades 0.9% higher in the first hour of trading.

On the macroeconomic domain, U.S. labour productivity rose 9.5% in the third quarter, while unit labour costs declined 5.2%. Furthermore, initial jobless claims declined by 20K to 512 K in October 31 week.

The ECB and the BoE have decided to keep interest rates on hold, at 1% and 0.5% respectively while the Bank of England approved a GBP25 billion boost to its assets buying program, to a limit of GBP2000 billion.

Dollar, returning from session lows

EUR/USD extended its recovery from 1.4810 low to 1.4915 high, as Jean Claude Trichet, ECB's president gives his first press release after the ECB' monetary policy decision, although the Euro has failed to remain at 1.4900 and trades now around 1.4870.

GBP/USD soared to a fresh 2-week high at 1.6635 as the BoE released the plan to expand its quantitative easing programme, although the Pound dropped afterwards, reaching levels around 1.6550.

USD/JPY bounced at 90.00 low during the European session to reach 90.65. The Dollar continues trading in a range from 89.85 to 91.00.

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