Forex and Gold Daily Report 26 February 2013-ISMAR Financial

The dollar strengthened against most major currencies on Monday after exit polls suggested the fates of Italy’s government and commitment to austerity measures were up in the air after elections. A Moody’s decision to strip the U.K. of its triple-A debt ratings pushed up the dollar as well.

Gold prices rose in U.S. trading on Monday amid market whispers that Federal Reserve Chairman Ben Bernanke will downplay inflationary side effects of the U.S. central bank’s loose monetary policies.

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