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European stocks open higher even as dollar pares losses- check out the DAX

The European stock markets have wasted no time in taking advantage of the shifting dynamics delivered by the Fed last night. The DAX has gained further on the opening a short while ago and it it has just tested the noted 21 day moving average in early trading. The DAX did as was expected and reopened above 15k. That 21 day moving average is at 15,042 and the push higher this morning comes ahead of the latest German unemployment report due later, at 8.55am GMT. The gains in the DAX come despite a modest recovery in the dollar, as the EUR/USD drifts back from an earlier high at 1.0610. The DAX is just now trading at 15,040 and clearly threatening further upside as things currently stand 

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