Forex and Gold Daily Report for October 25, 2012

The dollar traded largely flat on Thursday after the Federal Reserve announced it was leaving interest rates and monetary policy in general unchanged.

While Gold prices rose on Thursday after the Federal Reserve announced it was making no changes to its benchmark interest rates and added monetary policy will likely stay loose for some time to come.

  • The Australian dollar rose1.5%against its U.S. counterpart in the third quarter, beating expectations for a 1.1% rise, following an increase of 0.5% the previous quarter.
  • The euro traded lower against the dollar on Thursday, even as the greenback dipped against other currencies after the Federal Reserve said it made no changes to its loose monetary policies its October meeting.
  • The pound remained higher against its U.S. counterpart on Wednesday, as lowered expectations for more easing by the Bank of England continued to support demand for sterling, while investors turned to the Federal Reserve’s upcoming policy statement.
  • The dollar traded largely higher against yen on Thursday after the Federal Reserve announced it was leaving interest rates and monetary policy in general unchanged.
  • Gold prices rose on Thursday after the Federal Reserve announced it was making no changes to its benchmark interest rates and added monetary policy will likely stay loose for some time to come.

To download complete report; CLICK:  Forex and Gold Daily Report for October 25, 2012

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