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Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY (San Francisco) - A better than expected consumer confidence data fueled risk appetite in the currency exchange and the stocks markets with investors buying Euros and Pounds against the US Dollar and the Greenback against the Yen.

Wall Street posted small gains but new fresh highs with the mayor indexes consolidating positions after the last bullish movement.

The EUR/USD climbed to November's highs at 1.3615 in the European session, but the pair retraced to 1.3560 and closed at 1.3575. The GBP/USD finally broke the 1.6250 key level with the Cable advancing to 1.6330, highest since January 2.

The USD/JPY advanced further on Wednesday to reach almost 6-month highs at 102.20. Now the Dollar is trading on consolidation against the Japanese Yen in a narrow range in between 102.10 and 102.20.

Main headlines in the American session:

US: Durable Good Orders (Oct.) contracted 2.0%

US: Initial Jobless Claims fell to 316K

Chicago PMI 63.0; better than expected

US: Reuters/Michigan Consumer Sentiment rises more than expected in November

US: CB Leading Indicator rises 0.2% in October

Bitcoin breaks $1,000, up 7600% this year

Berlusconi expelled from Italian parliament, effective immediately

Wall Street posts decent gains ahead of holiday shopping season
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