FXstreet.com (Córdoba) - U.S. markets closed at the highest level in a year. The Dow Jones rose 0.80% to end at 9,865 while the Nasdaq finish with a 0.72% gain. Gold holds at record highs and crude oil finished above $72 a barrel. Dollar rose across the board and recovered but is still down for the week.
EUR/USD is back above 1.4700 after being rejected from 1.4670. GBP/USD is consolidating at intra-week lows at the 1.5830 zone. USD/JPY extended gains during the American session and rose above 89.00 and peaked at 89.90.
Bernanke comments favored the Dollar, that despite the rise in stocks consolidate gains on Friday.
James Hyerczyk, from ForexHound.com comments: The EUR USD is paring its gains from earlier in the week as traders assess the Fed's comments. Traders are also waiting for a reaction from the European Central Bank regarding Bernanke's statement.