US markets extending the recovery, dollar firmly up

FXstreet.com (Edinburgh) -Decent data from today’s US docket plus uncertainties surrounding Middle East keep the choppiness intact in the US markets on Thursday, as traders gradually shift their focus on tomorrow’s Payrolls. The US Dollar index, which tracks the greenback against its major rivals, continues to trim July-August losses, hovering over 82.60 as of writing. At the moment, DowJones is up 0.17% seconded by the S&P500, 0.24% and the Nasdaq, 0.33%.

Bourses across the Atlantic posted strong gains after the dovish tone from ECB’s Draghi propelled the main indices. The FTSE100 outperformed its peers, up 0.89%, followed by the IBEX35 and the CAC40, gaining 0.70% and 0.66%, respectively. Negative day for the single currency, falling from peaks in the vicinity of 1.3220 to the current area of 1.3120/15 after Draghi confirmed ‘lower for longer rates’.

In the commodities’ sphere, the ounce troy of the precious metal is retreating 1.32% at $1,371 while the barrel of WTI is up 0.87% at $108.16.