FXstreet.com (CÃ³rdoba) - Financial stocks lead the way to another rise in the U.S. stocks market. The Dow Jones ended at 8,131 (+0.07%), it highest close since February 9. The index has also completed it sixth straight week with gains. Friday leaves a stronger dollar and a general weakness in European currencies.
At the beginning of March stocks value where at the lower price in decades and the Dow Jones was below 7,000. In those days, the euro against the dollar was at 1,2500. Since then, stock has risen every week while the EUR/USD has fallen the last 3 of 4 weeks. The correlation once existed between the EUR/USD and the stock market appears to be over. Today close price for the pair was the lowest since March 18.
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