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FXstreet.com (Barcelona) - US equities are extending the rally on Wednesday, fuelled by increasing hopes on further stimulus after the contraction of the US industrial production. The greenback, tracked by the US Dollar Index, is hovering over the 84.00 handle after hitting highs in the proximities of 84.20.
DowJones is up 0.31% followed by the S&P500 and the Nasdaq, gaining 0.415 and 0.08%, respectively.

The main indices in Euroland closed in a ‘sea of green’ on Wednesday, after the poor GDP figures in the bloc prompted traders to start thinking of further monetary policies by the central bank in order to boost the economy.
The single currency is extending its weekly decline, bouncing off multi-week lows around 1.2850/55 to the current area of 1.2865/70, as disappointing GDP figures in the euro zone continue to weight on the cross.

In the commodities’ space, the barrel of WTI is losing 0.49% at $93.76, while the ounce troy of the precious metal is following suit, down 2.01% at $1,395.

Forex Flash: Recovery is in sight to support GBP - UBS

Following the BoE Inflation Report, Governor Mervyn King started the Inflation Report presentation with "Today's projections are for growth to be a little stronger and inflation a little weaker than we expected three months ago. That is the first time I have been able to say that since before the financial crisis".
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Forex: US Dollar Index retreats from highs

The US Dollar Index, which tracks the greenback against its major rivals, is now retracing earlier gains, hovering over the key 84.00 figure although well into the positive territory...
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