- The euro (EUR) rebounded from is low at 1.3789 up to 1.3850 against the US dollar (USD). The euro erased part of its losses as the Fed chair, Janet Yellen, stated yesterday that Fed has a commitment to support the US economy.
The British Pound (GBP) skyrocketed almost 120 pips and climbed up to its four year high at 1.6836 against the US dollar (USD). The sterling made a rally yesterday after the UK unemployment rate fell down to 6.9%, far below the expectations of 7.2%.
The European stocks rallied as companies reported their financial results and the EU Stocks 50 (ESX) rose from yesterday’s low at 3009 all the way up to 3091.