The dollar was at $1.4517 versus the euro

U.K. Bank Holiday today

08:30 (GMT)	Net Lending to Individuals m/m	1.1B	0.4B
12:30 (GMT)	Current Account	-13.6B	-8.9B
USD	13:00 (GMT)	S&P/CS Composite-20 HPI y/y	-4.7%	-4.5%
USD	14:00 (GMT)	CB Consumer Confidence	52.1	59.5

Currencies

EUR/USD The dollar weakened yesterday after optimistic U.S. economic data boosted investors? appetite for assets like stocks than safer havens.

USD/JPY The yen declined against most of its peers as stocks extended a global rally before reports, economists say, will show Asia?s biggest emerging economies remain resilient.

GBP/USD The pound has been ranging since yesterday against the dollar between $1.63818 and $1.64220.

Commodities

Gold fell as equities? gains damped investor demand for the metal as a refuge asset.

• The contract for August delivery lost $5.80, or 0.3%, to settle at $1,788.30 a troy ounce. The contract expired at yesterday?s settlement.

• Gold futures for December delivery fell $5.70, or 0.3 percent yesterday, to settle at $1,791.60 at 1:48 p.m. on the Comex in New York.

Oil rose in New York as investors bet that a strengthening U.S. economy and the return of East Coast refinery operations after Hurricane Irene will spur demand for crude.

• Crude for October delivery rose as much as 45 cents to $87.72 a barrel in electronic trading on the New York Mercantile Exchange and was at $87.41 at 2:40 p.m. Sydney time.

• Brent oil for October settlement gained 26 cents, or 0.2 percent, to $112.14 a barrel on the London-based ICE Futures Europe exchange.

Equities

U.S. stock rose amid optimism the economy will recover and after Hurricane Irene failed to shut financial markets.

• Bank of America Corp. (BAC) rose 8.1 percent after agreeing to sell about half its stake in China Construction Bank Corp.
  

• The S&P 500 rose 2.8 percent to 1,210.08 at 4 p.m. in New York.

• The Dow Jones Industrial Average gained 254.71 points, or 2.3 percent, to 11,539.25.

European stocks rose yesterday after two days of losses dragged equities near to the cheapest valuation in more than two years and a report showed U.S. consumer spending gained in July.

• EFG Eurobank Ergasias SA (EUROB) and Alpha Bank SA jumped by the maximum 30 percent after agreeing to merge to create Greece?s biggest bank.

• A report yesterday showed U.S. consumer spending climbed more than forecast in July. Purchases rose 0.8 percent, the biggest gain since February.

• U.K. equities were closed for a holiday. o France?s CAC 40 rose 2.2 percent and Germany?s DAX Index advanced 2.4 percent.

Asian stocks rose for a fourth day after U.S. consumer spending and car sales increased and as companies across the region reported higher profit.

• Toyota Motor Corp. (7203), the world?s biggest carmaker, gained 1.1 percent in Tokyo and Sony Corp. jumped 4.1 percent.

• The MSCI Asia Pacific Index gained 1.3 percent to 123.61 as of 1:52 p.m. in Tokyo.

• Japan?s Nikkei 225 (NKY) Stock Average advanced 1.3 percent.

• Hong Kong?s Hang Seng Index climbed 2.1 percent, while China?s Shanghai Composite Index rose 1.4 percent.

Source: http://www.fxstreet.com/fundamental/market-view/daily-market-review/2011-08-30.html

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