Session Recap: Confidence data ahead shopping season fuels risk appetite
FXstreet.com (San Francisco) – A better than expected consumer confidence data fueled risk appetite in the currency exchange and the stocks markets with investors buying Euros and Pounds against the US Dollar and the Greenback against the Yen.
Wall Street posted small gains but new fresh highs with the mayor indexes consolidating positions after the last bullish movement.
The EUR/USD climbed to November’s highs at 1.3615 in the European session, but the pair retraced to 1.3560 and closed at 1.3575. The GBP/USD finally broke the 1.6250 key level with the Cable advancing to 1.6330, highest since January 2.
The USD/JPY advanced …read more