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Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY
FXStreet (Córdoba) - The FX market enjoys better risk sentiment Tuesday, underpinned by stocks and commodities, with the dollar and the yen broadly lower against major rivals.

With Japan closed and no data in the European calendar, most pairs moved in risk-on pattern, with the EUR/USD and the GBP/USD reaching multi-day highs at 1.3682 and 1.6469 respectively. The AUD and NZD are in demand while USD/JPY recovered ground.

Investors' focus has turned to Fed chief Janet Yellen testimony before US Congress today. Yellen is likely to face questions on the labor market and the future pace of Fed's tapering.

Main Headlines in Europe:

Gold makes new 2014 highs

Flash: What can we expect of the EUR/USD? – Commerzbank and Danske Bank

European open: Light European data ahead of Yellen testimony

Commodities: Energy prices supported by US weather, gold bullish
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