Wall Street Closing: Up and down we come a bit

FXStreet (Guatemala) - In markets on Friday, there had been a broad-based sell off when the euro got some support on speculation Greece will receive an infusion of bailout money.

Oil was rallying through $46 bbl while the euro topped out at 1.0881. Gold made a high of $1,188 from $1,169 and The S&P 500 was trading up over 1% and the Nasdaq composite index moved closer to an all time high set at the height of the dot-com bubble. However, the markets started pulling in towards the close.

In the end, the Dow Jones industrial average rose 168.69 points, or 0.9 percent, to 18,127.72. The Standard & Poor's 500 index rose 18.65 points, or 0.9 percent, to 2,107.92 and the Nasdaq composite added 34.04 points, or 0.7 percent, to 5,026.42.

Some week-end profit taking sends the EUR/USD back to 1.0800

The EUR/USD is recovering more than half of Thursday's losses as the pair rallied 200 pips in the day from 1.0670 to trade as high as 1.0880; however the euro was sold at this level and now it's testing the 1.0800.
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Greece coming with good news?

Derek Halpenny, analyst at The Bank of Tokyo-Mitsubishi UFJ, Ltd explained that while the ECB remains centre stage in explaining the demise of the euro, the lingering uncertainty over the situation in Greece is playing a role too.
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