The dollar fell against most major currencies on Tuesday after investors sold the unit for profits, while markets continued to eye developments in the euro zone.
The greenback rose earlier amid a risk-off session sparked by World Bank and International Monetary Fund cuts to growth forecasts, though profit-taking sent the currency softening somewhat.
- The Aussie held steady against the U.S. dollar Monday, on less then expected job advertisement and profit taking took place.
- The euro traded down against the U.S. dollar Monday, as the euro zone debt crisis pressured the single currency, while a highly anticipated meeting of European Union finance ministers is taking place today.
- The pound extended losses against the U.S. dollar on Monday, dropping to a one-month low as concerns over the handling of the euro zone’s sovereign debt crisis continued to weigh on demand for risk-related assets.
- The U.S. dollar was lower against the yen on Monday, as investors locked in profits after strong U.S. employment data sent the greenback to a two-week high against the safe haven yen.
- Gold prices slipped lower Monday as investors continued to favor dollar positions in the wake of strong employment and slow growth warnings from the Federal Reserve.
To download complete report, CLICK: Forex and Gold Daily Report for October 09, 2012