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FXstreet.com (Barcelona) - The US markets are trading markedly higher on Wednesday, after comments by the Republican J.Boehner have sparked a sharp rally in the risk-associated assets. Optimism regarding a near term solution for the so-called 'fiscal cliff' in the American economy has rapidly spread all over the markets, ahead of the release of the Fed's Beige Book.
On the opposite side, the greenback, measured by the US Dollar Index has been dragged to session lows around 80.30, now in the negative territory after the risk aversion has prevailed since the beginning of the trading day.
DowJones is up 0.56%, followed by the Nasdaq 0.40% and the S&P500 0.395

Across the Atlantic, the euro zone was initially dominated by Greece woes stemming from the lack of details and uncertainties regarding the implementation of measures by the Hellenic Republic. In addition, jitters on the US 'fiscal cliff' were also weighting on the markets until J.Boehner's comments.
The single currency was trading in red against the buck the whole session, but soon after posting fresh lows in the boundaries of 1.2880, the aforementioned comments by Boehner and the 'fiscal cliff' have catapulted the cross to fresh highs above 1.2940, retracing to the area around 1.2935 as of writing.
European bourses closed in green, although the IBEX35 was again the exception, retreating 0.33%. The French CAC40 led the gains with 0.37%, followed by the DAX and the FTSE100, advancing 0.15% and 0.06% respectively.

Both the barrel of WTI and the Gold are losing ground at the moment, at $86.31 or -0.97% and $1,720 or -1.42%, respectively.
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