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FX :Wall Street opens with minor gains on upbeat U.S. data; Dollar strengthens
 
FXstreet.com (Barcelona) - U.S markets have opened Tuesday's session with minor advances after better than expected retail sales an producer price index data. The Dollar has picked up across the board.

Dow Jones Industrials Index adds 0.2%, while the Nasdaq Index rises 0.38% and the S&P Index trades 0.23% above its opening level, in the first hour of trading.

On the macroeconomic domain, U.S. retail sales have increased 2.7% in August, beating market expectations of a 1.7% increase, while Producer Prices Index rose 1.7% in August, following a 0.9% decline on the previous month, although the Core PPI has increased a mere 0.2%. Furthermore, the NY Empire manufacturing Index has risen to 18.88 in September from 12.8 in August.

Dollar appreciates across the board

GBP/USD decline from levels above 1.6600 has extended on the back of U.S. dat, as the Pound dipped to a fresh one-week low at 1.6435, although the pair has returned to levels right above 1.6450 at the moment of writing.

EUR/USD retreat from 1.4655, 9-month, high extended below 1.4575/80 support area on the back of U.S. data, as the Euro hit 1.4560 low before picking up to levels around 1.4600. At the moment of writing the pair trades at 1.4590.

USD/JPY broke past 91.25 European session high immediately after the release of U.S. data, and recovery from 90.20 low on Monday reached 91.65 high, to ease afterwards although the pair remains above previous high at 91.75 at the moment of writing.
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