Forex and Gold Daily Report 10 January 2013

The U.S. dollar was broadly higher against the other major currencies on Wednesday, as easing expectations pinned down the yen and the euro came under pressure ahead of a European Central Bank policy meeting on Thursday.

While Gold futures were steady during U.S. morning trade on Wednesday, as investors remained cautious ahead of a European Central Bank policy meeting on Thursday. Gold traders also remained focused on political developments in the U.S. as well as the outlook for Federal Reserve monetary policy.

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