Wall Street closes positive on hopes that Fe will keep QE

FXstreet.com (San Francisco) - Another Tuesday and another rally. The US stocks market closed its 19 positive Tuesday in row as investors' confidence was fueled by Fed officials Dudley and Bullard's comments that suggested the central bank won't reduce QE in the middle term.

The Dow Jones advanced 52.30 points or 0.34% to end the day at 15,387.58. The S&P 500 added 2.847 points or 0.17% to 1,669.16. And the Nasdaq Composite won 5.69 points or 0.16% to finish the day at 3,502.12.

May 21, 2013

EUR/GBP reaches 1-month high

The euro continues to outperform the pound on Tuesday and, having broken above the 0.8500 psychological level, it reached its highest level in a month.

Session Recap: Euro advances as the Greenback take a breath

The euro traded higher on Tuesday as market hopes on QE was fueled by the Dudley and Bullard's speeches and the lack of mention about the Fed tapering the bond buying program in the middle term.