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US markets buoyed by housing data, GDP

FXstreet.com (Barcelona) - Despite the economic activity during the first quarter and today’s housing data came in short of expectations, market participants seem convinced of the sustainability of the recovery, giving an extra impulse to the stock markets. The greenback, gauged by the US Dollar Index, is trading in session lows and threatening to breach the key support at 83.00.
DowJones reverted a negative start, now advancing 0.53% and followed by the Nasdaq and the S&P500, up 0.92% and 0.69%, respectively.

European bourses also recovered from Wednesday’s grim session, with indices posting decent gains with the exception of the Spanish benchmark, losing 0.10% for the day. Poor US data propelled the indices and improved the sentiment amongst investors in quite a volatile session. The DAX was the best performer, advancing 0.76%, seconded by the CAC40, 0.66% and the FTSE100, 0.45%.
Positive day for the shared currency, climbing more than one big-figure from session lows to the current area of 1.3050/55.

The ounce troy of gold is rallying on Thursday, gaining 1.51% at $1,412. The barrel of WTI is following suit, up 0.39% at $93.49.

EUR/GBP stalls ahead of 0.8600

The shared currency advanced versus the pound on Thursday, mainly propelled by EUR/USD gains instead of euro's self strength.
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US Dollar Index threatens 83.00

The greenback, in terms of the US Dollar Index, is trading on the back foot on Thursday, dragged lower after disappointing data from the US economy....
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