FXstreet.com (Barcelona) - Wall street has opened Thursday's session with gains, and the S&P Index posts its best month in 18 years. The Dollar rises across the board despite dreadful GDP data.
U.S. markets seem to be about to extend their recent rally today, as markets have opened with gains. Dow Jones adds 0.84% and the Nasdaq Index rises 1.55% in the first half hour after the opening. S&P Index, with its 0.88% rise completes its best rally since 1987.
The Commerce Department has published some time before, the sharpest GDP decline in 26 years, U.S. economy shrunk at a 6.3% annual pace in the last quarter of 2008.
Dollar strengthens across the board
The Dollar has not been weighed by the GDP data, and is going through appreciation against most majors. EUR/USD rally has capped at 1.3640 maximum level and the Euro has turned down breaking below 1.3600/15 level and dropping towards next support level at 1.3540 intra-day low.
USD/JPY has bounced up from 98.00 support level and , at the moment of writing the Dollar is testing 98.40/55 resistance level.
GBP/USD has been rejected at 1.4635 resistance level and, after giving away about 100 pips, the Pound advances down towards support level at 1.4515 (Mar 25 low).