9 Apr 2014
Markets extends gains, dollar tumbles
FXStreet (Edinburgh) - The tone from the FOMC minutes is propelling the buying sentiment amongst traders on Wednesday, after the Committee revealed it’s dropped the unemployment target for hiking rates.
At the moment, DowJones is up 0.92% followed by the S&P500 and the Nasdaq, advancing 0.90% and 1.46%, respectively. The greenback, in terms of the DXY, is dropping to fresh 3-week lows around 79.50 in the aftermath of the release, intensifying the selling pressure.
Bourses in the Old Continent closed in a ‘sea of green’ following upbeat results from corporate earnings. The FTSE100 was the best performer, up 0.68% and seconded by the CAC40, 0.40% and the DAX, 0.16%. The single currency is largely benefiting from the weaker greenback, lifting the EUR/USD to fresh 2-week highs near 1.3860.
In the commodities’ universe, the barrel of WTI is extending the recent upside near $103.50 or up almost 0.90%. The ounce troy of the precious metal is above $1,310, gaining 0.25%.
At the moment, DowJones is up 0.92% followed by the S&P500 and the Nasdaq, advancing 0.90% and 1.46%, respectively. The greenback, in terms of the DXY, is dropping to fresh 3-week lows around 79.50 in the aftermath of the release, intensifying the selling pressure.
Bourses in the Old Continent closed in a ‘sea of green’ following upbeat results from corporate earnings. The FTSE100 was the best performer, up 0.68% and seconded by the CAC40, 0.40% and the DAX, 0.16%. The single currency is largely benefiting from the weaker greenback, lifting the EUR/USD to fresh 2-week highs near 1.3860.
In the commodities’ universe, the barrel of WTI is extending the recent upside near $103.50 or up almost 0.90%. The ounce troy of the precious metal is above $1,310, gaining 0.25%.