• 
• See all for FXstreet.com
• View Print Version

FXstreet.com (Barcelona) - The US stocks are sharply higher on Wednesday, after the US economy has left behind the 'fiscal cliff', propelling the demand for riskier assets. The US dollar has managed to revert an initial negative start and is now hovering over the key mark at 80.00
As of writing, the DowJones is advancing 1.73% followed by the S&P500 and the Nasdaq, both up 1.75% and 2.33% respectively.

In Euroland, bourses closed in a 'sea of green', as the 'fiscal cliff' was the leitmotif among traders. The Spanish benchmark led the gains with 3.43%, followed by the CAC40 2.55% and the FTSE100, 2.20%. The euro is dropping more than a big figure after hitting 1.33 overnight on spiralling risk appetite, although selling pressure has intensified after poor manufacturing PMI data in the euro zone and a better-than-expected US ISM manufacturing. At the moment the single currency is trading at 1.3164 against the greenback.

Commodities are following suit, with the barrel of WTI rising 1.25% at 92.95 and the ounce troy of gold is up 0.77% at 1688

Related Forex and Currencies Articles

• 
  U.S stocks rise for fourth week on sentiment data; Dow gains 0.80%
  5/17/2013 01:27 PM
• 
  Forex - Dollar gains on sentiment data, Fed comments
  5/17/2013 12:27 PM
• 
  Forex - USD/CAD gains on soft Canadian inflation data
  5/17/2013 11:26 AM