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Wall Street rises further on upbeat US data

FXstreet.com (San Francisco) - The US stocks market has logged its 4-day rally as investors confidence was fueled by the better than expected Jobless claims data in the United States. The Dow and the S&P finished at fresh closing highs.

The Dow Jones advanced 62.90 points or 0.42% to end the day at 14,865.14. The S&P 500 added 5.64 points or 0.36% to 1,593.37. And the Nasdaq Composite gained 2.91 points or 0.09% to 3,300.16.

Forex Flash: The ECB will not cut rates at least through mid-2015 - Goldman Sachs

Market is debating about that the ECB's rate cut possibilities in the short term as some eurozone countries are in a bad shape, the Euroarea GDP is contracting and the inflation is somehow controlled. Now It looks a growing likelihood that the ECB is on the verge of a rate reduction.
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Session Recap: Yen declines further; Euro trades above 1.3100

The USD dollar has been trading weak on Thursday on the back of increasing risk appetite. The Yen also trade lower pushing high its crosses against the Euro and Pound as well as the USD. EUR/USD rose to 1.3135, highest since February 28.
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