Forex and Gold Daily Report 08 March 2013-ISMARFinancial

The dollar hit fresh two-and-half-year highs against the yen on Thursday and was sharply lower against the euro after less dovish than expected comments from European Central Bank President Mario Draghi at the banks post policy meeting press conference.

Gold prices erased earlier losses and held steady in U.S. trading on Thursday after central banks in Europe and Asia left monetary policy unchanged, dimming some prospects for further stimulus measures.

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