Stocks rise further
The Dow Jones Industrial Average is rising 150 points to 12.235 or 1.18% and the NASDAQ gains 1.00%. Stocks in Europe erased losses in the last hours of trading and posted small gains. In London the FTSE 100 rose 0.02%, in Germany the DAX gained 0.04% and in France the CAC 40 finished 0.64% higher.
Crude oil prices are moving sideways on Tuesday, retreating after reaching fresh highs since September 2008. The barrel (WTI) is hovering around $103 - $105. Gold is pulling back from record highs and fell below $1,430 an ounce.
Dollar losses upside momentum
Greenback is retreating across the board after hitting daily highs before Wall Street opening. Once the American session started, Dollar lost momentum and pulled back amid an increase in risk appetite.
AUD/USD found support at 1.0050 and bounced rising 70 pips to 1.0115, to the same price level it had at the beginning of the day.
USD/CAD hit fresh lows at 0.9706 after moving in ranges most of the day below 0.9745.
NZD/USD moved off session highs, trimming gains and currently is struggling to hold above 0.7400. The Kiwi outperformed its rivals during the Asian session but on American hours pulled back.
Greenback also moved off session high against the Euro, the Pound and the Yen.