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Wall Street closes with strong note; Dow above 17,000

FXStreet (San Francisco) - The US stocks market closed the week with a strong note as investors' confidence was fueled by the better than expected US employment report in June. The Dow Jones finally broke above the 17,000 key level.

The Dow Jones advanced 92.02 points or 0.4% to finish the day at 17,068.26; 1.28% positive in the week.

The Nasdad Composite climbed 28.19 points or 0.63% to close at 4,485.92; 2.0% up in the week; the S&P 500 rose 10.82 points or 0.55% to 1,985.44; 1.25% positive in the week.

EUR/GBP falls to 0.7930, fresh 21-month low

The EUR/GBP rose initially after the ECB decision to 0.7974, hitting a fresh daily high but then bounced sharply to the downside falling 40 pips in less than two hours.
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ECB kicking the QE can down the road - RBS

RBS strategists explained in their opinion that the ECB are kicking the QE strategy down the road.
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