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US markets advancing firmly, dollar retreats

FXstreet.com (Barcelona) - Equities in the US markets are inching higher on Monday, pushing the S&P500 to record high area propped up by better-than-expected earnings reports and outlooks. The greenback, measured by the US Dollar Index, is trading on the back foot, printing the fourth consecutive session in red as risk appetite is prevailing in the global markets.
DowJones is gaining 0.70%, followed by the S&P500, 0.75% and the Nasdaq 1.0%.

Bourses in Euroland closed in a ‘sea of green’, bolstered by the developments in Italy over the weekend and a well-received Italian bond auction. The IBEX35 led the winners, up 1.85%, followed by the CAC40 and the DAX, advancing 1.54% and 0.75%, respectively.
The single currency broke above the congestion pattern around 1.3050/60, pushing higher to session highs around 1.3120 although retreated afterwards to the current region of 1.3080/1.3100.

Commodities are posting strong gains, with the barrel of WTI up 1.27% at $94.17 and the ounce troy of gold gaining 0.99% at $1,468.

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