FXstreet.com (Barcelona) - Stock markets in the U.S have turned to slightly positive territory after a rather negative opening, as positive figures by U.S seems to have buoyed investors confidence. The Euro and Pound have pared losses and the Dollar rose against the Yen.
Dow Jones Industrial Index trades 0.33% above its opening levels, while Nasdaq index rises 0.50% and S&P Index trades 0.37% up one hour after the opening bell.
U.S. Consumer Confidence Index was released to have increased to 36.2 in April from 26.9 in March, while the Richmond Fed Manufacturing Index has risen in to -9 in April from -20 in March; against the market consensus of a -18 reading.
Euro and Pound extend gains
GBP/USD rally from 1.4515 intra-week level on early European session has reached levels at 1.4690 shortly after U.S. data was released, right at yesterday's high, at the moment the Pound trades at 1.4675.
EUR/USD has confirmed its move above 1.3050 after U.S data was released. The Euro has moved from intra-week low at 1.2965 hit on European session to levels 1.3075 approaching 1.3095 resistance level.
Dollar has gained all the ground lost in Asian session, and, after having hit a fresh 5-week low at 95.60, the Dollar has risen to levels around 96.60 resistance area, reaching levels 0.15% below the day opening level.
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