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Forex: NZD/USD hits 2-month high

FXstreet.com (Córdoba) - The Kiwi dollar extended gains versus its US counterpart in a bout of risk appetite and posted a fresh 2-month high above 0.8500 ahead of the New York opening.

NZD/USD has gained over 50 pips throughout the day and recently reached its highest level since Feb 15 at 0.8512. At time of writing, the cross is trading around 0.8505/10, recording a 0.6% advance since opening.

On the upside, 2013 high set back in February at 0.8532 could offer resistance, followed by 0.8570 (Aug 31 2011 high). On the other hand, supports are seen at 0.8465 (intraday level) and 0.8450 (Apr 3 high).

Forex: EUR/CAD bounces to 1.3257/59

The EUR/CAD has bounced 1.3240 level in recent minutes, having received an impetus from checkered Canadian economic data during US trading Tuesday. In these moments the cross is trading positively at 1.3257/59, having secured a gain of +0.23% currently.
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American equity markets advance at opening

With the onset of earnings season almost here, signaled by Alcoa (AA), many investors are bracing for positions and the lingering impact of risk premia stemming from Portugal. Beginning with the indices and composites, the NASDAQ rose +0.19% as it settles in region of 3228.25, up +6.19 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1564.74, ascending +1.71 points or +0.11% at the time of writing. Finally, the Dow Jones has edged higher at the opening, trading in the zone of 14637.18, presently +0.16% after a movement of +23.80 points.
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