Forex and Gold Daily Report for November 23, 2012

The U.S. dollar was lower against the euro on Thursday, as hopes for a deal on a delayed bailout payment for Greece underpinned the single currency, while the yen remained close to multi-months lows amid expectations for more easing by the Bank of Japan.

Gold futures edged higher during U.S. trading hours on Thursday, as U.S. markets remained closed for the Thanksgiving Day holiday, resulting in lower-than-usual volume.

 

  • The Australian dollar edged higher against the U.S. dollar on Thursday, as positive Chinese economic data and hopes for a Greek aid deal supported market sentiment.
  •  The U.S. dollar was lower against the euro on Thursday, as hopes for a deal on a delayed bailout payment for Greece underpinned the single currency.
  • The pound edged lower against the U.S. dollar in light trade on Thursday, as investors remained cautious ahead of a European summit, although positive economic data from the euro zone and China continued to support market sentiment.
  •  The U.S. dollar hit fresh seven-and-a-half month highs against the yen on Thursday, but was lower against the euro, as encouraging manufacturing data from the euro zone and China boosted market sentiment .
  • Gold futures edged higher during U.S. trading hours on Thursday, as U.S. markets remained closed for the Thanksgiving Day holiday, resulting in lower-than-usual volume.

To download complete report; CLICK:  Forex and Gold Daily Report 23 November 2012

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