Forex and Gold Daily Report 18 February 2013-ISMAR Financial

The yen was lower against the dollar and the euro on Friday, snapping three days of gains, after a draft statement by the Group of 20 nations avoided singling Japan out for criticism over the recent weakness of its currency.Elsewhere, the pound fell to six and a half month lows against the dollar on Friday after official data showed that U.K. retail sales dropped 0.6% in January as a result of heavy snow, confounding expectations for a 0.4% increase.

On the week, gold futures prices lost 3.45%, its biggest weekly decline since May.

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