The Dollar fell against most of its major counterparts as stronger than expected U.S. data added to evidence a recovery in the world’s largest economy is gaining momentum. Pending Home Sales Index came out 8.2% vs. -0.5% expected and the ISM Non-Manufacturing Index came out 55.4 vs. 53.5 expected. The Stock markets in US climbed up with Dow Jones rose by 0.43% and NASDAQ appreciated 1.12%. Crude oil reached 18 month high closing at 86.8$ a barrel and Gold (XAU) jumped to 2 week high closing at 1131.65$ an ounce. Today, the FOMC Meeting Minutes might provide a clue regarding future interest rate shifts.
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