Forex and Gold Daily Report 11 January 2013

The dollar dropped against most of its peers on Thursday after the European Central Bank voted unanimously to leave interest rates unchanged, sparking a risk-on rally in the process. Improving Chinese imports and exports sent the greenback tumbling as well as investors snapped up positions in higher-yielding asset classes.

On the other end, Gold prices shot up on Thursday after the European Central Bank voted unanimously to leave interest rates unchanged at 0.75%, sparking a risk-on trading session that sent the U.S. dollar tumbling and the euro gaining, a recipe for a gold rally.

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