FXstreet.com (CÃ³rdoba) - U.S. markets rose on Wednesday extending a rally that started last Thursday. The S&P500 index rose posting a fresh 11-month high and the Dow Jones ended at 9545 points. The Dollar fell across the board and drove crude-oil prices higher.
The Beige Book suggested that the economy is improving across the U.S. but warned that consumer spending is still flat.
Dollar weakness continues
The Euro jumped against the Dollar reaching a fresh 8-month high at 1.4600. EUR/USD rose for the fifth day in a row accumulating an increase of almost 300 pips. The pair closed on Wednesday at the highest level since September 26.
GBP/USD is still far from 1.7065, the highest price of 2009. The pair rose on Wednesday but did not join at full speed the rally against Greenback. The pair is holding above 1.6520.
USD/JPY fell to 91.60 posting a fresh six-month low. The Dollar later recovered but in the last hours the pair regained the downside and now is back below 92.00.