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US stocks closed Thursday positive amid US GDP

FXStreet (San Francisco) - Wall Street welcomed better than expected US GDP figure of +3.5% in the Q3 as major indexes rallied on Thursday. Earnings from Visa helped to fuel the sentiment.

The Dow Jones climbed 221.11 points or 1.30% to finish the day at 17,195.42; The S&P 500 advanced 12.35 pts or 0.62% to 1,994.65; while the Nasdaq Composite finished at 4,566.14 after winning 16.91 points or 0.37% so far today.

Oil WTI lost almost all of previous 2-day gains after closing below the 81.00 level at 80.90. Gold collapsed for second day to trade below the 1,200 level at lows since October 6 at 1,196 before closing at 1,198.

AUD/USD keeps the upper band near 0.8840

AUD/USD is now sidelining around the 0.8830 level, as markets are heading towards the last trading hour of the NA session...
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Session Recap: Artificial growth does not feed the USD

Today's US GDP report was a perfect sample of how the trader's mind works: They initially read that the US grew by 3.5% in the third quarter, a better than expected figure; so they bought the USD. EUR/USD fell to 1.2550 and GBP/USD to 1.5950 while USD/JPY jumped to 109.35.
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