Forex and Gold Daily Report 14 January 2013

The euro rallied to a nine-month high against the U.S. dollar on Friday on signs that the crisis in the euro zone is abating, while the greenback hit 22-month highs against the yen as expectations for further easing by the Bank of Japan continued to weigh on the yen.  The euro extended a rally that began on Thursday after the ECB kept interest rates unchanged at 0.75% and said a gradual economic recovery would begin this year, as structural reforms and actions by the bank to tackle the debt crisis continued to take effect.

 Gold futures fell nearly 1% on Friday, as sentiment on the precious metal turned negative after data showed inflation in China accelerated at the fastest pace in seven months in December, dampening hopes for near-term stimulus measures from Beijing.

To Download Complete Report; CLICK: Forex and Gold Daily Report 14 January 2013 

Enhanced by Zemanta
Newsletter Powered By :