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11 Feb 2014
Dow makes it back to 16K, dollar in highs
FXStreet (Edinburgh) - Janet Yellen’s testimony was dovish enough to boost risk-associated assets, hinting that the ‘lower-for-longer’ would remain unchanged for now.
And there they go. Equities in the US trading floor are rallying on Tuesday, extending at the same time the recent bullish momentum beyond key levels. The greenback is also marching north, hovering over 80.70 and recovering from the dip to 80.45. At the moment, DowJones is up 1.24% followed by the S&P500 and the Nasdaq, gaining 1.04% and 1.01%, respectively.
The Yellen-factor boosted the main indices in Euroland as well, extending their winning streak to five sessions. The German benchmark was the top-performer, up more than 2% and followed by the FTSE100, 1.23% and the CAC40, 1.09%. The EUR is now trading in a softer tone, dropping to the area of 1.3640/35 after hitting fresh intraday highs beyond 1.3680.
The ounce troy of the precious metal is trading in levels shy of the critical barrier at $1,300, prolonging its rebound. The barrel of WTI is retreating marginally, struggling to keep the $100.00 handle.
And there they go. Equities in the US trading floor are rallying on Tuesday, extending at the same time the recent bullish momentum beyond key levels. The greenback is also marching north, hovering over 80.70 and recovering from the dip to 80.45. At the moment, DowJones is up 1.24% followed by the S&P500 and the Nasdaq, gaining 1.04% and 1.01%, respectively.
The Yellen-factor boosted the main indices in Euroland as well, extending their winning streak to five sessions. The German benchmark was the top-performer, up more than 2% and followed by the FTSE100, 1.23% and the CAC40, 1.09%. The EUR is now trading in a softer tone, dropping to the area of 1.3640/35 after hitting fresh intraday highs beyond 1.3680.
The ounce troy of the precious metal is trading in levels shy of the critical barrier at $1,300, prolonging its rebound. The barrel of WTI is retreating marginally, struggling to keep the $100.00 handle.