Stocks finished with gains at Wall Street on a last hour rally. The Dow Jones rose 0.34% and the Nasdaq 0.29%. Fears over the Dubai debt eased and the Chicago Purchasing Manager’s index came better-than-expected. Gold rebounded at 1,163 and rose back above 1,175. Greenback pulled back from the highs of the day.
EUR/USD is back above 1.5000 after finding support at 1.4970. The pair trades near the same level it had at the beginning of the day. Greenback was able to recover after falling during the Asian session.
Cable is consolidating losses across the board. Despite rising in the last hours the Pound is heading toward a daily decline. GBP/USD recently rose to 1.6460 as the pair continues to recover from 1.6380 (intra-day low).
The Yen rose during the American session across the board. USD/JPY holds above 86.00. Greenback managed to rise after falling to 85.85 but is still under pressure.
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