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14 Nov 2013
Markets fuelled by Yellen, dollar advances
FXstreet.com (Edinburgh) -An expected dovish tone from J.Yellen’s testimony before the Senate Banking Committee plus flat results from the weekly report on the labour market are propping up the current upside. The greenback, gauged by the US Dollar index, is recovering ground from Wednesday’s pullback, navigating above the key barrier at 81.00. At the moment DowJones is up 0.26%, S&P500, 0.36% and the Nasdaq 0.03%.
Bourses in Euroland also closed with gains backed by the pro-stimulus tone from J.Yellen, with the DAX up 1.05% and followed by the CAC40 and the FTSE100, climbing 1.04% and 0.54%, respectively. After briefly piercing 1.3500 overnight, the shared currency traded erratically throughout the session, currently hovering over 1.3450/55.
The barrel of WTI is trading almost unchanged around the $94.00 mark while the ounce troy of gold is rallying 1.21% at $1,284.
Bourses in Euroland also closed with gains backed by the pro-stimulus tone from J.Yellen, with the DAX up 1.05% and followed by the CAC40 and the FTSE100, climbing 1.04% and 0.54%, respectively. After briefly piercing 1.3500 overnight, the shared currency traded erratically throughout the session, currently hovering over 1.3450/55.
The barrel of WTI is trading almost unchanged around the $94.00 mark while the ounce troy of gold is rallying 1.21% at $1,284.