FXstreet.com (Barcelona) - U.S. markets have opened the week with strong gains ahead of the release of crucial employment report and banks stress tests this week. Euro and Pound have soared on early U.S. session to pare losses from European session.
Dow Jones Industrials index adds 1.88% and Nasdaq Index rises 1.53%, while the S&P Index trades 1.53% above its opening level.
Positive macroeconomic data has added optimism to investors, and construction spending increased in February for its first time in 6 months, 0.3% up against the 1.4% decline forecasted. Furthermore, Pending Home sales have increased 3.2% in Mar, well above the 0.1% increase forecasted.
Euro and Pound shrug off losses on early U.S session
FXstreet.com (Barcelona) - Euro and Pound are recovering on Early U.S. session all the ground lost during the European session, fuelled by a strong Wall Street opening and surprisingly good housing and construction figures in the U.S.
EUR/USD decline has been contained at 1.3210 and the pair has soared past 1.3300 reaching levels close to 1.3330, with intra-day high at 1.3345 on sight.
GBP/USD has bounced off 1.4835 and the Pair has rallied to 1.4970 so far just several pips below two-week high at 1.4980 reached in Asian session.
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